Traders' Notebook | JAN 2011
Working Money: Follow The Market Herd With Elliott Wave by Ryan Henry
Does this sound familiar? You spend countless hours analyzing a company’s financial strength, market position, and industry potential. You decide that everything is on the up and up, and that the company deserves a place in your investment portfolio. You buy the stock, waiting for your payday — and then watch in horror as the stock does the same thing that the stocks of its lesser competitors are doing. If you’re like most traders, this is a common scenario. It’s true that financially strong stocks in leading industries have the potential to be great investments. But unless the overall market is enjoying gains, most stocks won’t.
by Ryan Henry
Technical Analysis of STOCKS & COMMODITIES
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