This bull market is still healthy; it’s taking a breather but the internal structure of the market is very strong, so while there are sectors that are pulling back more sharply than others, a host of them are holding up very well. In fact, as we stated last time, there is a huge number of stocks that have refused to correct, and a large percentage of them have surged to new highs during this corrective phase.
There is so much misinformation when it comes to the financial markets that it must seem like a daunting task for a novice player to separate the riff from the raff. One would think that with the passage of time the situation would improve, but its only worsened. However, there is a ray of light which will eventually turn into a massive beam; traditional finance sites are losing eyeballs, and the level of dissatisfaction has now hit a critical mass, which means that this sector is ripe for a trend change. We can state without a doubt that when this trend change occurs many established sites and business in this sector will vanish.
Most of Today’s Experts Hide Behind GibberishThey use complex fundamental terms or complex technical analysis studies to justify their position. A simple examination will reveal that over 80% of these guys are full of it and that they only reason they come up with that mumbo jumbo is to make it look like they know what they are talking about when the opposite is probably closer to the truth.
While we do favour some aspects of Technical Analysis, we are not TA fanatics. We have done our level best to present these tools in a simplified manner without trying to fixate on complex formations (Head and shoulders, wedge formations, etc.) and we will continue to look for ways to simplify the technical analysis aspect even more.