Jim Cramer is making sense, and yes he is pushing his book. But his point is valid, you have to pick the correct play to win in the stock market.
Care of Yahoo Finance
readtheticker.com takes a Richard Wyckoff 2.0 approach to the market, with some help from our RTT Market Timer. Our RTT Market Timer is design to highlight moments of strength at market turns to show when a change of behavior (selling to buying) as occurred.
Here is small caption of the RTT Market Timer at work. Members can view sign of strength signals going back 30 years. Thinking longer that a week or two, is your best chance for success in the markets.
Investing Quote
"TIME is the most important factor in determining market movements and by studying the past records of the averages or individual stocks you will be able to prove for yourself that history does repeat and that by knowing the past you can tell the future. ? There is a definite relation between TIME and PRICE. ? Now, by a study of the TIME PERIODS and TIME CYCLES you will learn why tops and bottoms are found at certain times and why Resistance Levels are so strong at certain times and bottoms and tops hold around them. ? The most money is made when fast moves and extreme fluctuations occur at the end of major cycles." ~ William D Gann
"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it" ~ Warren Buffett