This weekend I focused on the LARGER, long-term picture of the stock market to make it overall easier for my brain to comprehend.
- Merely when "what" moving average crossed what moving average (on a monthly, not daily or weekly chart) would be a decent indicator of trend? I wasn't going for exact science here but more a common sense approach when it comes to the long haul. Just "when" should I bail and sit on my hands with my IRA? *This" unfortuantey is a topic for another conversation.
- The BIGGER question was at what point do I really want to jump back in and "buy on the cheap"?
I should explain that I trade based on 80% technicals (fibonacci combined with chart patterns) and only about 20% fundamentals but my trading style is to buy at a support rather than a breakout. This became my personal preference after having been "shook out" of breakouts once too many times over the years. This style is not for everyone but buying at support, I feel my downside risk is more c