- Ryan Mallory
Just for a minute and take a look at the chart of the Nasdaq for the past two years. It has to be the worst time period ever for the chart. There is no direction, no conviction and more importantly, no sustainability in either direction.
Every dip is met with insatiable buying and every attempt to break out to new highs is met with a sudden reason to sell-off.
That is the current state of the Nasdaq and the market. If you are not trading the market with this in mind, you are buying at the top and shorting at the bottom... and that is no good, my friend.