Trading Tactics
Trading Tactics
The financial media wants you to believe that the Dow just experienced six straight days of weakness – and that today, you could see the markets break that horrible losing streak.
Although it is true that the Dow has logged six losing days in a row leading into today’s action, three of those six “losing” days were less than 10 points, with daily losses of –3.0, -6.0, and –9.0 points.
In other words, reading a headline that says “Dow Suffers Sixth Straight Loss” sounds terrible, but the reality is that the real downside has yet to come.