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Chapter 17
Entry and Exit Strategies |
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Trends tend to persist . . . until they don't. And that's why God made stops.
FRANK GRETZ |
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Safety and surety lie only in buying after a market has risen sufficiently from its bottom to show that its previous troubles are past, and in selling before the rise has become a matter of mere foam that, in the natural order of things, must presently vanish. And for the bear it means that the time to sell is after a market has definitely turned downward from a hysterical top, and the time to cover is before hysteria has produced an unjustifiably low bottom.
BERNARD E. "SELL 'EM BEN" SMITH |
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