Lady Market and Intangibles – October 27, 2011

[manucastle]

Lots of emotional headless chickens running around just now. I have been in this type of market many times and it is very easy to get sucked in. I will wait for a better entry.

We probably all feel we are missing something but fear and greed are the enemies at the gate !

Just my 2c

Trev

It is a pity we don't have the Motley Fool 'Poll' function here e.g.

Which would be the best investment decision now :-

A. Going long at the open today.
B. Going short at the open today.
C. Patiently waiting for a new strong Robot signal either long or short which has been thoroughly tested over the medium term .

For me it is an easy decision. How about you ?

Trev

[adam ali]

Trev,

I'm particularly interested in how the RT 20DMF indicator will handle this type of environment. I've been following Pascal's advice that once the 20DMF is above the '0' line, markets remain a buy, but am looking to other tools (as opposed to the Robots) for guides on potential buy setups and price levels.