Most often I am asked if I am bullish or bearish.
Most often my answer is I don't know and it doesn't matter.
Bears make money, bulls make money, pigs get slaughtered.
Things I always consider and keep in mind.
For every action, there is an equal and opposite reaction - Newton's 3rd law.
An object in motion will stay in motion and an object at rest will stay at rest unless acted on by an unbalanced force - Newton's 1st law.
A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be - Wayne Gretzky.
Apply the quotes to stock investing.
Both bullish and bearish move depending on time frame.
See the double top?
CandleGlance IYR,URE,SRS,SPG,NLY,PSA,VNO,EQR,PCL,HCP)
Conclusion: SRS first support (66-67), next suport (62-63)
On a tangent. The day after I sold the covered calls (feb100c) on GS (bought at 98 due to FUBAR event at the brokerage), I knew it was a mistake. The trade was on my mobile phone while I was raging mad and without good analysis. I thought to myself, "What an idiot!". I wanted to dump the stock but did not wanted to take an instant loss because the stock was trading around 94. The right move was to sell feb90c, more premium.
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