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
- A reminder to those of you who are new to the Rule #1 blog — you can search through old posts by Category by visiting the Archives. You can also get to the Category list by looking at the right-hand sidebar on this page. The Three Tools index is a popular destination full of useful info.
Phil Town is an investment advisor, hedge fund manager, 3x NY Times Best-Selling Author, ex-Grand Canyon river guide, and former Lieutenant in the US Army Special Forces. He and his wife, Melissa, share a passion for horses, polo, and eventing. Phil’s goal is to help you learn how to invest and achieve financial independence.