Danielle Park:Plan for your actions ahead
Read something really meaningful today. Technical Analysis and Fundamental Analysis can only help you this much. The rest depends on Mr Market.
What matters most is your money management and anticipating what you will do in that scenario:
If I got to chose, I would have October be the last downside test to the 2007-2009 cyclical bear market. We had suspected from the outset that this bear market might last a couple of years; this month would be the 2nd anniversary.
The best plan for thinking investors is never confident predictions or one-sided plans but rather a plan A, B and C:
A. What if the market rolls over 10-20% here?
B. What if it moves lower than that?
C. What if it doesn’t pull-back but continues to climb?Failing to plan for different outcomes is no plan at all.
Define your rule set now, so that you will know what to do no matter what way this goes.
[Read the rest of Danielle Park's views here >>]
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- Trend Watch:Weekly Update for 04 Oct ’09 $Spy $Eem $Ews
- Yield Watch:Starhub and M1 pushes ahead
- Adam Hamilton: Cyclical Bear Market Rally Ahead
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