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Re: bar1080 post# 2151

Thursday, 06/08/2023 11:43:07 AM

Thursday, June 08, 2023 11:43:07 AM

Post# of 2588
I tend to agree with you Bar in the mid to long term. I can bet your have read the once you learn the rules, they change them. I read a book years ago by William O'Neil, the founder if Investor's Daily. In his book one angle was buy stocks breaking out to a new 52 week high. Hey, I turned $15,000 into $30,000 in a year trading that way in 2006 and 2007. Then the big Bear beginning in 2008 and it quit working. After the bear ended it worked for a while, but then it got tough, many fakeout breakouts. IMO, the big money, much of it crooked, like the market maker took advantage of the system and made them fail with shorts or such to get the buyers to sell for a loss.

Fast forward to now and I checked my old system and it still does not work. I keep looking for angles, and one of them is working lately and when we enter a bear it will fail and I probably will lose my profits from it. But, I am excited because I can buy stocks and ETF's that will do well in crisis times, like gold, silver, etc and buy stocks that will do well in times of possible coming hyper inflation, like food stocks and etf
's that I can buy with my same chart system as I have been doing well with on stocks in a bull market.

If I pull a disappearing act from the board, you will know it quit working. smile

Life is not measured by the number of breaths you take, but by the moments that take your breath away--Wows happen!!!

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