More Quotes From the Bible

Obviously the thing to do was to be bullish in a bull market and bearish in a bear market.

~Edwin Lefevre, Reminiscences of a Stock Operator


Logically, the market is due for a pullback...at least when looking at the technicals. But making money in the market has little to do with logic. All that we can hope for is that the reaction of the CMI 2.0 quickly follows a large retracement, but also that it does not over-react and jump into a series of whipsaw trades. Following the CMI takes the guess-work out of it so we have plenty of time to find a few more Jesse Livermore quotes like the one above. Sounds like he would have approved of the CMI 2.0.