Hello my friends!
This Post has four words: Go long dont short. (and ... MA 50 X MA 200 a dead cross is not always a dead cross). 😀
When I read @thecryer's post this morning, this 4-word post came to my mind. I think he writes very true words that we should all keep in mind. Well done. I quote him: ...
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@thecryer: "...
- So what i want to explain clearly is...
NYSE:AYX You wanns see a beautiful logarithmic channel, then look no further. If you make the mistake of charting this bad boy in "auto" mode, you could easily make the argument it has run too far too fast. but if you look at this thing the right way, it sure does look like a tough short to me. Even when it tops out at channel resistance it doesn't tend to fall...
Today has been a kinder day amongst the overall bear market ; however short term gains are all too often short term gains. Why? Short selling ; an indication of a lack of belief in the longterm performance of your investment. Short selling also changes the way you are taxed in the U.S. in a decidedly negative fashion. The tax authorities have made their intentions...
