Stock-Market-Observations

  CHART LINK – at StockCharts

MY TWEETS – Follow my tweets to avoid missing updates.  My Twitter name is BobsWaveCounts

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LAST BUY/SELL SIGNAL

Buy – June 28, 2012 and July 12 (waiting to buy again)

Sold – Bressert System parts #1 & #2 have been sold.

Quick Round Trip – Bought & sold all 3 parts on 7/24/12, trade was profitable (3 points, see Tweets)

Buying (or shorting) 3 parts simultaneously and then selling (or covering) one part on 3 separate dates is very confusing to list.  The initial 3 steps up (or down) means part #1 is liquidated (lock in the profit).  Trend warnings and sell notices mean another part is liquidated (lock in more profit on part #2).   Depending on the importance of the turn or warning, part #3 could be liquidated.

At some point another 3 part purchase (or short) begins the cycle again.

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LONG TERM – Up in black 3, chart #10.8

INTERMEDIATE TERM –  Up in blue 3, chart #10.6

SHORT TERM – Correction under way

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•     “The essence of investment management is the management of risks, not the management of returns. Well-managed portfolios start with this precept.”

Benjamin Graham

•     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

•     Buy on the cannons, sell on the trumpets.

Old French Proverb

•     Rule #1: Never lose money.  Rule #2: Never forget rule #1

Warren Buffett

•     The four most dangerous words in investing are “This time it’s different”.

John Templeton

•     “This time it’s different” was prevalent during the bubble of 2000.  In 1929 it was called “New Economics”

Bob

• History always repeats, only the details change.

Edson Gould – (others have made a similar statement).

• If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.

John (Jack) Bogle

• Stock are bought on expectations, not facts.

Gerald Loeb

• Emotions are your worst enemy in the stock market.

Don Hays

• Herd Mentality – Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.

Extraordinary Popular Delusions and the Madness of Crowds

• Herd Mentality -Cases such as Tulipomania in 1624–when Tulip bulbs traded at a higher price than gold–suggest the existence of what I would dub “Mackay’s Law of Mass Action:” when it comes to the effect of social behavior on the intelligence of individuals, 1+1 is often less than 2, and sometimes considerably less than 0.

Extraordinary Popular Delusions and the Madness of Crowds

• I made money by selling too soon.

Bernard Baruch & Baron Rothschild

• If all you have is a hammer, everything looks like a nail.

Bernard Baruch

• The main purpose of the stock market is to make fools of as many people as possible.

Bernard Baruch

• The hardest part of a bull market is staying on.

Anonymous

• Markets can remain irrational longer than you can remain solvent.

John Maynard Keynes

• Return of principal is more important than the return on principal.

Anonymous

• Hope is your worst enemy in the market.

Anonymous

• Don’t catch a falling knife.

Anonymous

• Spend at least as much time researching a stock as you would choosing a refrigerator.

Peter Lynch

• When you realize that you are riding a dead horse the best strategy is to dismount.

Sioux Indian Proverb

• Don’t ever make the mistake of telling the market it is wrong.

James Dines

• Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.

Jesse Livermore

• Never buy a stock that won’t go up in a bull market. Never sell a stock that won’t go down in a bear market.

Anonymous

• Nobody is more bearish than a sold-out bull.

Anonymous

• The public is right during the trends but wrong at both ends.

Humphrey Neill

• Never sell a dull market short.

Anonymous

• “I sell euphoria and buy panic.” The way he determines that is to wait until prices start gapping in the charts. Gapping on the upside is euphoria, while gapping on the downside is panic.

Jimmy Rogers

• Cut your losses and let your profits run.

Anonymous

• Don’t marry a stock.  Every stock must be sold.

Anonymous

• Often times WHEN you take a position can be more important than WHAT you take a position in.

Bob and others

•     “If Santa fails to call the bears will roam on Broad and Wall!”

Lucien Hooper

Clever Quips

•     A bubble is a bull market in which you don’t have a position.

Anonymous

•     A buy and hold strategy is a short term trade that went wrong.

Anonymous

• Let Wall Street have a nightmare and the whole country has to help get them back in bed again.

Will Rogers

• Bulls make money, bears make money, pigs get slaughtered.

Bob’s Grandfather & others

• P/E ratio – The percentage of investors wetting their pants as the market keeps crashing.

Anonymous

• Those who can, do . . . Those who can’t, teach . . . Those who can’t teach, work for the government.

Anonymous

• Wall Street is a street with a river at one end and a graveyard at the other.

Anonymous

• Never check stock prices on a Friday, it could spoil your weekend.

Anonymous

• Money talks, but all mine ever says is “goodbye”

Anonymous

• Don’t gamble. Take all of your savings and buy some good stock and hold it until it goes up, then sell it. If it don’t go up, don’t buy it.

Will Rogers

• October, this is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, June, December, August and February.

Mark Twain

• Economists have predicted 14 of the last 3 recessions.

Anonymous

• Market Correction – The day after you buy stocks.

Anonymous

• In 2008 stocks were a good buy . . . . . Goodbye Mercedes, goodbye yacht, goodbye vacation home, goodbye . . .

Ed Hart (modified for 2008)

MISC INFO

Bob@Market-Trend-Observations.com – email me at this address

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This entry was posted on July 24, 2012 at 1:18 PM and is filed under WISDOM. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.