If there was ever a chart that confirmed the policy of never picking a top, then this is it!
How many more lives does this trend (cat) have, soon a trader (dog) will brake ranks and start selling (running after cat)!
Life number 11, done next 12...Chart of Morgan Stanley Cyclical Index hitting the 1x1 Gann Angle over and over again.
"Tape reading was an important part of the game; so was beginning at the right time; so was sticking to your position. But my greatest discovery was that a man must study general conditions, to size them so as to be able to anticipate probabilities."
~ Jesse Livermore
"The key to making money in stocks is not to get scared out of them"
~ Peter Lynch
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