this morning i read this in yahoo finance (note the 20/20 vision looking at the past) – “To those poor souls Trennert suggests backing up and remembering that valuation always matters. Corrections lead to selling that takes down blue chips as well as garbage names.”
I am not a poor soul, I did not get into the market. Because the market is still in correction (How long or how short time will tell).
Let me again empathize the fundamental difference. I trade based on one and only one thing – Price.
I have one and only one signal – 75 day Simple Moving Average.
DMSI, and IBD big picture help me a lot in confirming my signal.
So valuation based on opinions don’t matter in my style of trading.