T/A ETF AND INDEX

[POKERSAM]

n the past 9 months the market has moved down 5,500 points. The perma bulls never made a dime on it.
They were watching the sky and looking for the epicenter of primary wave 3 up.
The only thing dumber than a perma bull is a perma bear. The market goes up in five and down in three. The three down normally retraces 50-60% of the five up. Over the long term the market gains more points than it loses. That is why a very long term chart of the stock markets shows a line traveling from the lower left to the upper right. History has shown that the markets always come back. It may take weeks, months, years or decades.
The problem is that we have a beginning and an ending. Our life as a trader is limited.
During the time we have we need to ride the market in whatever direction it is going at the time. It doesn't matter if it is going North or South. You will not always get it right. Most of the time is enough.
There is nothing wrong with being wrong. There is something terribly wrong with staying wrong.
There are more perma bulls than there are perma bears. Being bullish is easy, anybody can do it. It is the natural state of man to be optimistic. The problem with that is that we do not live forever.