The Madness of Crowds

Anyone who has actively participated in stock markets over the decades has observed a multitude of manic, euphoric advancing phases but also periods of steep, devastating declines as well. The ebbs and flows of the market, while varied in their intensity and duration have always managed to eventually move higher.  When things are good, there's … Continue reading The Madness of Crowds

What Can Go Wrong

In the last commentary, we discussed technical tools to determine when downside momentum may have stopped and whether it would be safe to re-enter markets from the long side. To reiterate, technical tools give traders a framework for risk, but they are  not fortune telling devices.  Acting on logical evidence is a skill that has … Continue reading What Can Go Wrong