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US TECH 100
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growacet

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growacet

Re: Lotto123 post# 258

Monday, 08/04/2014 11:10:32 AM

Monday, August 04, 2014 11:10:32 AM

Post# of 2104
You've never heard of lower highs, lower lows?

Its indicative of an overall trend...think of the markets as being like an escalator, with the day to day movements of the PPS being like a yo-yo. The yo-yo goes up and down, with retailers getting all excited when it goes up...but the escalator is the prevailing longer term trend.

IMO on CNAT the escalator is moving down, even though the yo-yo will move up from time to time.

If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.

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