How to Stay on the Right Side of the Market
by Chris Gessel
- The Nasdaq gapped down and tumbled 2% to its lowest level for 2004;
- Oil prices surged to new highs;
- A car bomb in Iraq killed the president of the Governing Council; and
- The election of a left-leaning government in India unleashed selling in that market as well as the scores of U.S.-listed companies that do business in that booming economy.
In this article
- Institutional Investors: The Trendsetters
- Price and Volume Analysis
- Distress Signals: Plummeting Volume
- Rally Confirmations: Spotting Follow-Throughs
- A Stock Investor's Motto: Be Prepared
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Calm detachment. Indeed, its easy to watch the market fall when youre sitting safely on the sidelines in cash. Careful readers started taking money off the table a month earlier, weeks before the market averages started crashing through their long-term 200-day moving averages.
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