Former IBD trader. Not interested in their IBD ratings (all lagging). Price action, volume and chart patterns is all I got in my tool bag. Please don't follow me blindly. Post-rhinoplasty picture coming soon!
1. Depressed valuations are rewarded over LT
2. Rich valuations produce disappointment over LT
3. Market losses generally emerge from overvalued, overbought, over-bullish syndromes
*Move forward, but with caution.