Rule #1 Finance Blog

With Investor Phil Town

RULE #1 QUESTION OF THE WEEK: TWO GREENS OR THREE?

Here's a quick, general Q&A about the Tools.

Q:  OK… Say I’ve done all of my homework, found a
wonderful company. I look at the charts and have two green & one
red indicator. Do I:


1. Just wait for that last green?


2. Wait for everything to go red, then to green?

A: Wait for three greens and unless you are used to this, wait for the 30
day MA.  I've seen too many of you jumping the gun in this market by
triggering on the 10 day.  Let's slow it down a bit and not get too
impatient.

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