You Are Your Own Worst Enemy

psychopath_knife_male_150_clr_18211

COMMENT: Marty; I watched the monthly numbers you gave for the close of July. The stock market gave a buy signal and gold failed again to close above your buy signal. I have to say, this is really amazing. Your reversals put it very black and white. If you ignore the human second guessing, it is really a learning experience. I get what you mean. You have to eliminate the human judgment to survive.

Thank you for the education

HW

REPLY: Yes. A market rallies, and the gut assumes it will continue. It drops and you panic, selling the lows. This is why I say that your worst enemy is always yourself. You have to conquer your own emotions to survive. Correct, gold has avoided the 1362 number both in June and July. The US Share market closed above its Monthly Bullish Reversal so we got the breakout this week. The numbers are the numbers. People try to second guess them all the time. This is the key. If you buy or sell against the Arrays and/or the Reversals, you usually will end up on the wrong side. ANTICIPATION is the killer.

Latest Posts

When Religion Attacks Itself

Religion has always influenced economics and geopolitical events. For nearly two hundred years, the emperors of the Eastern Roman Empire, known as Byzantium, had followed the traditions of just placing [...]
Read more

Who was Francis Scott Key?

With the bridge debacle, the name Francis Scott Key has been a topic of controversy. Francis Scott Key was an American poet, author, and lawyer from Frederick, Maryland. He witnessed [...]
Read more

Good Friday & It’s History

One of my more interesting trips was to Jerusalem for Easter one year. You walk the streets of this ancient city, and they have marked the Stations of the Cross [...]
Read more

Market Talk – March 28, 2024

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 594.66 points or -1.46% to 40,168.07 Shanghai increased 17.52 points or 0.59% to 3,010.66 Hang [...]
Read more