Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
That was the week that was
Recent History |
Archives
Hello Crazy Galoots,
Profit taking is a good thing to do. Whenever I rack up a goodly gain, I take it.
On occasions, the share rises again after I've sold it. But often it does not. And if it does rise, it usually runs out of steam and charges back down eventually, meeting my sell price on the way.
That is today's lesson. You don't have to follow it: I might be wrong.
But I hope I'm not wrong in my view that the Footsie follows the Dow - and many of the other reasons given why the Footsie falls or rises on a given day are a load of old toffee.
For example, the Dow fell horribly yesterday. And so did the Footsie. Various reasons were given by the 'experts' why the Footsie fell. But the only reason, in my view, is that the Dow toppled backwards.
The Dow topples backwards because cynical dealers across the pond look for any old reason to sell. Then they buy the shares back when the fall becomes a rise again. This happens so often you can count it as the norm.
I use the Footsie Dow relationship to pick times to buy and sell by. You don't have to, of course. I'm no expert. But I do like rocking on!
To find out more about Malcolm CLICK HERE
UKSA is the leading independent organisation for private shareholders in the United Kingdom. It campaigns to protect your rights as a shareholder and runs educational activities for members.
For more information about UKSA CLICK HERE
