So after two dozen great one-day reversals during September and October, the big one – the one that really mattered – was the one that I also identified correctly as another reversal, but decided to sit out.
The two mitigating factors were that after such a good burst of activity it’s sensible to be wary of one’s own prowess, and we were bang in the middle of earnings season.
But two weeks on from those mid-October reversal signals the market has torn away out of sight, leaving anyone snoozing long behind – ouch!
A long list of stocks to go through today. The market wants to keep rising. Whether it does so in an orderly fashion is another matter, but I’m confident we’ll have plenty of chances for bullish trades between now and the end of the year.
