Here’s A Tip For Your Watchlist
You know the old song, “I’ve
been working on the railroad….??” When
you see a pattern known as a Slim
Jim, or something looking a bit like railroad tracks–try something other
than hitting the buy or sell keys. Instead, focus on your watch list and those
stocks that are positioning themselves to have the highest-probability moves in
the direction of the broader market.
It’s a fact, or at least close enough to pay
attention too, roughly 70% of individual issues follow the bigger indices–so
stay ready, but don’t sweat it out while it’s still a work in progress.
Chris Tyler