Many many investors exit a long running trend far to early, and they also fail to recognise when a trend starts.
In a previous blog post we showed you RTT Steps with Gold and Silver, this indicator was designed to compliment our Richard Wyckoff logic. Trends do move up by a process of 'Cause' and 'Effect', like steps, and as you can see RTT Steps showing the stepping stone (continuation) accumulation phases as well as accumulation bases and of course when price shows a change in character (by either breaking the reaction line or the lower band line).
Also as stated before..
Readtheticker.com RTT Steps tool does so much more than the age old moving averages, they give you the range of expected movement during a trend, a possible pullback reaction line (below the red dotted line is set to 60% pullback [60% between upper and lower range of RTT Steps], and off course a quick view of support and resistance.
Very nice!
Investing Quote...
"I believe that uncontrolled basic emotions are the true and deadly enemy of the speculator. That hope, fear, and greed is always present, these emotions sit on the edge of the psyche, waiting on the sidelines, waiting to jump into the action." ~ Jesse Livermore
"The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell." ~ John Templeton
"In the short run, the market is a voting machine, but in the long run it is a weighing machine." ~ Benjamin Graham
"Investing should be like watching paint dry or watching grass grow. If you want excitement...go to Las Vegas." ~ Paul Samuelson
"Because of the extreme challenge, one must commit full attention to it." Market speculation is "no different than trying to be a successful doctor or lawyer ... you simply must devote yourself full-time to the study of your craft." ~ Bernard Baruch
