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Priced for Perfection after Powell's Put


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#11 dTraderB

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Posted 31 January 2019 - 04:48 PM

I see some bears, notable ones, saying the market can't go much higher! 

 

I have heard bulls & bears say this so many times and they regretted it. 

 

Nothing prevents the market from going up another 5 to 7 %

 

or going down back to 2350

 

never say never, I saw it in 1999/2000, after the 2007/2008 bear market, and the 2016/2018 rally



#12 Waver

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Posted 01 February 2019 - 07:14 AM

As traders, just have those lower risk buy or sell (short) setups/levels and bail somewhat quickly on the ones that fail/doesnt pan out.

Dont get too greedy with the size and Always take profits!

Should somewhat protect traders in the IT and LT.