Made no mistakes about it. The institutions - fund managers, market markers, and money managers and not individual investors, these Big Boys are the ones that drive the Market UP or DOWN. They are the Sharks of the Market. Guess who survives along with the Sharks and still have some good meals on the scraps dropping from Shark's jaws?
The pilot fish congregates around sharks, rays, and sea turtles, where it eats ectoparasites on and leftovers around the host species.
If we want to survive along side with Sharks, we better watch the movement of the sharks.
If Sharks are buying, then we shouldn't be selling yet. When the sharks stop buying, probably it is a good time to take partial profits.
When the sharks are selling, then we shouldn't be buying yet. When the sharks stop selling, probably it is a good time to buy slowly.
These are my Pilot Fish indicators that I have been using, and I don't really follow any other technical indicators in buying or selling.
If you look at my charts posted with those technical indicators, they are just there to confuse people. LOL.
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