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Replies to post #71117 on Abet Chichi2 (Chichi2)
DiscoverGold
11/20/17 9:09 AM
#71138 RE: DiscoverGold #71117
As one savvy seer said a long time ago, “Only fools and liars buy at exact bottoms and sell at exact tops!” So you have to develop a staying-alive, staying-liquid philosophy on Wall Street. Allow yourself to be wrong with your opinion, but don’t allow yourself to stay wrong with your money. Manifestly, despite our near/intermediate-term caution we have still been able to find a number of stocks to buy within the Raymond James research universe. We continue to invest and trade accordingly. This morning at 5:00 a.m. the S&P futures are flat (-1.75) despite the bad news out of Germany and China. There is a triple bottom at 2566 and last Wednesday’s low of 2557 is important support, while the October low of 2544 is critical support.