Market Manifesto

Many if not most traders wait until the trend is estab­lished and then paus­es, before they try to jump aboard. Often they are tim­ing their move exact­ly wrong, when the trend in ques­tion has paused for good rea­son, name­ly that it has reached high­er time peri­od sup­port or resis­tance. This fre­quent­ly means they are buy­ing resis­tance or sell­ing support—a clas­sic and expen­sive trad­ing error.