Who Are You Going To Believe? - Market in Confirmed Uptrend! | OptionsANIMAL

Who Are You Going To Believe? – Market in Confirmed Uptrend!

“Market in Confirmed Uptrend!” How do you know? Investor’s Business Daily’s Market Pulse says so!

elliott wave exemple
Image via Wikipedia

But, Elliott Wave International claims that we are on the precipice of the really, really, really BIG wave 3 of 3 of 3 DOWN to new lows, even lower than March 2009!

I’m citing these two diametrically opposed opinions as just two examples of the extremes being presented by those who are held in high regard for their opinions.

Personally, I follow IBD. They never try to “predict” the market, just report on what they see in PRICE and VOLUME. And, furthermore, digging into the text of their articles you’ll find many cautionary notes about how many times in history a Follow-Through-Day with such low up-side volume on the days immediately afterwards go on to a successful rally. (Not many.) I believe that trading decisions must be made on current evidence, not on a prediction of future market movement. The economic fundamentals in our world are not healthy. I will not be surprised if the market turns bearish. But, at this point, it is slightly bullish, so I’ll trade what I see, not what I think.

The way we are taught to trade at OptionsAnimal is a great benefit, because we know how to protect ourselves and benefit from any market direction. As they said on a past favorite TV show, “Be Careful Out There!”

Emilu Bailes
OptionsANIMAL Instructor

Enhanced by Zemanta

Options Trading Resources

options trading companies * option trading education * options trading system * options trading education * options trading 101 * option trading course * beginner stock market investing

Posted in

Emilu Bailes

Join 500,000+ Investors

Get the latest class invites delivered straight to your inbox.

Our Students Love Us

OptionsANIMAL
Excellent
5.0
I was with Options Animal for 18 months and learned so much useful information that I needed in order to trade options successfully. I am very satisfied with my experience working with them. There is an abundance of resources on their website and I was able to post questions to the coaches and other participants with responses that were quick and answered all my questions. It took a lot of hard work on my part to learn this but their education was top notch. They are a very professional company and I wish I could stay on with them but at the same time, I feel I’ve learned enough to move forward on my own. I highly recommend Options ns Animal to anyone who is truly wanting to learn to trade options
I found this to be an outstanding program - in-depth knowledge you cannot find anywhere else and the staff is always very supportive. I give it an A++.
js_loader
Scroll to Top