by Michael Noonan, Edge Trader Plus:
When we started out in this business, one of the first saws of trading we learned was: Bulls make money, Bears make money, Pigs get slaughtered. That simple admonition is coming full circle as the stock market has been muscled to all time highs by central bankers seeking to protect their fiat currency Ponzi scheme at all costs. For anyone not paying attention, that cost will be passed onto you.
We have been staunch advocates that the most important and overriding information one can have on any market is the trend. It is hands down the best guide one can have, and too few give it just due. In an up trending market, bulls make money. Bears who opt to fight the obvious trend are on the wrong side of momentum, and the tuition can be costly, but always a choice.
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