While everyone and their brother is trying to pick a bottom, the price action just continues to follow the down trend. Sometimes it's just better not to fight it, but to flow with the river... and this river is flowing down.
SPX Daily Chart:
Thursday, December 4, 2008
SPX: The Trend
The SPX daily chart illustrates a great example of a trend working.
While everyone and their brother is trying to pick a bottom, the price action just continues to follow the down trend. Sometimes it's just better not to fight it, but to flow with the river... and this river is flowing down.
SPX Daily Chart:
While everyone and their brother is trying to pick a bottom, the price action just continues to follow the down trend. Sometimes it's just better not to fight it, but to flow with the river... and this river is flowing down.
SPX Daily Chart:
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