Momentum Monday 9th September 2024
Welcome to Momentum Monday.
So it was a tough week. Last month saw a tough start to the month too. Does a volatile market mean that we are at the end of the Bull Market?... Maybe. Am I going to try to predict it? No.
I will just wait for the charts to tell me whether I need to do anything or not. Remember… those investors that avoided much of the GFC did so not because of a special formula … rather it was because there wasn’t a single indicator known to man that didn’t say ‘sell’. Sure the exact points may have been different, the broad narrative was still the same. And as a Momentum investor during that time it was risk-off. So if your charts weren’t 100% you suffered a big drawdown. Even if you were tempted by that mini-rally that happened in April-May of 2008, respecting the chart still saved you a lot of pain, meaning you could live to fight another day and thank heavens if you could.
Interesting links
This week on Weekend Watchlist run in conjunction with Shares for Beginners, we discussed PME Pro Medicus. Listen here to...