Both these 2 sites show hopeful signs in the market, while maintaining the inherent existing risks. The message is that the market bearish sentiment is much more pronounced than the degree of the pull back in the market place. This sets the stage of a market turn around.
I’d still take a cautious approach to this market. It is simply too volatile. Although being oversold, but an oversold market can always get more oversold. The approach I’ll take is covered call.
About admin
Richard Cheng, M.D., Ph.D., is an avid Wall Street investor with 20+ years of investing experience. He is specially adept at observing the world to find the patterns and then design strategies to win his battle. Most, if not all, happenings in the world, follow certain patterns. These patterns may be complex, multi-factorial, not so intuitive at the first glance, or even may appear chaotic. However, even chaos has its own patterns. If you pay attention and be patient, you'll find them and then you will gain an upper hand in your battle. Using this blog space, he documents his trades and his thoughts as they happen. He uses this blog as a a notebook to help him better refine his strategies. Hopefully this will help you as well. Good luck in your trading.
Beneficial message, I truly watch for messages from you.
No pain, no gain.