Thursday, July 5, 2007

He who hesitates is lost

When the markets decide to move it's usually a good idea to be in early and hold on as the initial rise is typically fairly powerful and then is followed by sideways consolidation or a corrective move. Normally its not a great idea to sit around and watch these moves as they can leave you behind quickly and then your stuck entering during the consolidation or correction phase. We appear to be entering this initial upwards move. Especially in the Q's which have been very strong while the rest of the market corrected.