Tuesday, June 12, 2012
Patience will be rewarded
It's a tug of war between the bulls and bears. A see-saw battle out there. You can call it anything. Markets are volatile and range bound. If you are caught in the midst of this volatility and are not positioned correctly you will be torn to pieces both financially and psychologically. The huge gap-up yesterday was immediately nullified. Today just the opposite. Overall my breadth indicators are conforming to the downside. It would take time for this market to setup as many stocks are in the process of putting in a bottom. Patience will be rewarded.