Waiting for the Right Pitch
- Posted by Robert Sinn
- on June 11th, 2012
“The stock market is a no-called-strike game. You don’t have to swing at everything — you can wait for your pitch. The problem when you’re a money manager is that your fans keep yelling, ‘Swing, you bum!’” Buffett
”Rule No. 1: never lose money; rule No. 2: don’t forget rule No. 1.” Buffett
Stubborn bulls broke rule #1 today and probably will need to wait a while longer for the “right pitch” – Russell 2000 daily ($IWM $RUT):
Click to enlarge
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Robert Sinn is a professional trader and market analyst who focuses on multiple asset classes including equities, futures, options and currencies. He integrates fundamental and technical analysis. More »
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