| This Is A Stocks Wave 3 Brutal Correction Life Cycle From The Start To The End |
|
| February 21, 2008 |
|
Untitled Document
Life Cycle of a Brutal Wave 3 Correction
(or how to learn to love the lows and profit from adversity)
October 31, 2007, I warned my subscribers a brutal Wave 3 correction was coming. The same day others screamed “Shut your eyes and Buy the Highs.” November 1, 2007, the Market entered the Wave 3 correction. I'm not here say, “I told you so.” But I am here to tell you the market is now exiting the correction and starting a strong Wave 5 up.
From the top of Wave 3, the market headed down on an ABC correction of a larger A, followed by an ABC correction to a larger B, and finished with a “i, ii, iii, iv, v'” correction down to a larger C, and the bottom of wave 4. Now, fueled by an explosive chart pattern, the Bernanke interest rate cuts, and corporate profits that have kept coming despite all the recession panic, the market is in the process of beginning an explosion up.
Talking about ABC, Wave 3, or “i, ii, iii,”, may mean nothing to you, but this is IMPORTANT. Take a look at the Brutal Correction Pattern above.
Now take a look at the following charts of the GOOG (an internet), GRMN (GPS/communications), and AMZN(a bookseller/merchandiser).
(small charts of GOOG, GRMN, & AMZN on daily showing the pattern)
See the same brutal Wave 3 correction pattern over the same time frames in 3 unrelated stocks? Take a look at SPWR, QQQQ, HPQ and BIDU. Same pattern, all in different types of stocks. I mean, does Google package chips in boxes (like Hewlett Packard), does HP make solar stuff (like SunPower Solar), and or, are either of them China stocks (like BIDU)? In other words, the companies are not related. They're all just in the same pattern.
This is the Life Cycle of the Wave 3 Brutal Correction. AND IT'S OVER! Wave 5 up is leaving the station heading for the top. Don't miss the train. At Trending123, I warned subscribers of the “Brutal Correction” adversity in time to sell the highs. So, who doesn't love the lows, when we buy them for the ride up? Join me here at Trending123 as we enter the next phase of Sudden Profits in the volatile 2008 market.
Brutal Wave 3 Correction.
Right now, you know what a brutal Wave 3 correction feels like. You've just lived through it. You may think you're still in it. The last 100 days has not been pleasant for you. The funny thing is, 30 days from now, you won't remember how you presently feel. You'll be euphoric. Stocks will be breaking out to new highs. Securities you hold will be sitting with 10%, 20%, perhaps 30% or greater unrealized profit. AND YOU WON'T REMEMBER! Back on October 31, 2007, when Nasdaq topped and I warned of the Brutal Wave 3 correction that started the next day, people were so euphoric that “Buy the Highs” was the order of the day.
The fear in the market then, and, soon, the fear in the market again, will be the fear of missing out on profits as the markets continue to climb. Euphoria is harder to combat than despair. Trending123 subscribers had the opportunity to unload at the highs back in October and to buy the February lows. Don't be a jump in late, get out too late, investor. There is no lower risk buy than a market bottom and risk is greatest at a market top because it's hardest, then, to sell and take profits, “leaving money on the table (maybe). Experienced investors call it “Irrational Exuberance,” because losses flow just as easily from not selling at the right time as from not buying at the right time. Imagine thousands of people partying, dancing and drinking on the deck of the Titanic That's the average investor at a market top. I'm John Lansing and I'd like you to remember, despite the euphoria you'll be feeling a month from now, that risk increases as the markets rise, not the other way around. My subscribers at Trending123 will know when to sell and capitalize on the rally now starting. Will you?
This Is A Stocks "Wave 3 Brutal Correction Life Cycle From The Start To The End"
BIDU
GOOG
GRMN
HPQ
SPWR
AMZN
QQQQ
BRCM
CROX
|
