It should be obvious to any student of the market that any call will be correct given enough time. Basically, the market moves between overbought and oversold extremes, with shorter and longer term trend overlays that are driven by macroeconomic, business cycle, and geopolitical events. Therefore, in my view, it is not enough to say that the market will go up or down absent the critical time component. To profit consistently, calls as to future market direction must be reasonably accurate (> 50%) *and* timely.
Kind regards,
-CAPT J
"What would you attempt to do if you knew you could not fail?"