As
you know – many of the broader Global stock indices are at or close to all-time
highs.
We
at Getting Technical conclude that any attempt to time the market is a failed
strategy and that investors who use fully invested longer term models do better
than investors who over-trade or market time. A long time ago a wise investor told me
that most technical analysts who ”time” the markets end up with the ass out of
their pants.
I
am continually upset with technical analysts who use seasonal recommendations to
buy and sell and also the technical analyst who tells the TV viewers to act on
top like patterns such as the head & shoulders, key reversals and now
recently an island reversal formation. It is frustrating for an investor to buy
low, sell high and then have to buy back in even higher.
Investors
who use fully invested dominant theme models do better than investors who
over-trade or market time and our focus will remain on the Global, TSX models
and Dominant Theme investing.
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