Tonight I would like to update some of the long term charts which has kept us on the right side of the PM complex since the bear market began in 2011. Long term members will be familiar with most of these charts which go back many years and are still relevant today. Having a game plan, whether it is right or wrong, is very important in helping you to understand if you are on the right side of the market. If you have a game plan in place and you see the markets trading against you then you know something isn’t right and you need to go back to the drawing board and figure out what is wrong and formulate a new game plan. On the other hand if your game plan is woking all you have to do is keep looking in the right spots for confirmation. At some point all game plans will come to an end and that is when an investor will need to keep an open mind and build a new game plan based on the changing technical environment.

It’s always important to look at the long term charts first when you are formulating your game plan and then work your way back to the shorter term charts for more detail. The long term monthly charts, weekly charts and the daily charts should all be in sync which paints a picture of whatever stock or market you’re interested in. It’s the big picture theme for your game plan, along with the more detailed shorter term charts that will keep you on the right side of the markets.

Rambus

https://rambus1.com/

Some folks might think I’ve been stubborn by not participating in the PM complex for so long, but I have to have a good reason to change my long term game plan and there just isn’t one right now. I was always very bullish during the bull market years and didn’t want it to end because it was so much fun. They say all good things must come to an end and for me the PM complex investing came to an end in 2011 and I’m still waiting for the next party to start whenever that is. I want to apologize for the saying the word game plan so many times but it is what it is. All the best…Rambus