Courtesy of Read the Ticker.
In the end it is the simple tools which work the best in time of a crisis.
When price is falling it is correcting, it is undergoing a reset. Mr Market is looking for true price. The fancy stuff does not work in times of crisis; the simple moving average is our best and most trust worthy guide.
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And .. further out.
Investing Quotes:
…"I did not know then what I learned later, what made me fifteen years later, wait two long weeks and see a stock on which I was very bullish go up thirty points before I felt that it was safe to buy it. I was broke and was trying to get back, and so I waited. That was in 1915."..
Jesse Livermore
..“One must search through a maze of complex and contradictory details to get to the significant facts … Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts.” The challenge for the successful speculator is “how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts.” Moreover, “if you get all the facts, your judgment can be right; if you don’t get all the facts, it can’t be right”…
Bernard Baruch
..“How many millionaires do you know who have become wealthy by investing in savings accounts?”..
Robert G Allen
..“Investing should be like watching paint dry or watching grass grow. If you want excitement…go to Las Vegas.”…
Paul Samuelson
.."The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what's going to happen contradicts my way of looking at the market."..
George Soros
