The Al Pacino Rule of Investing. A Don Corleone Market.

For those of us old enough to remember the glorious movie, The Godfather III, there is a thrilling scene where Michael Corleone (Al Pacino) explains...

“Just when I thought I was out, they pull me back in.”

You are Don Corleone in this market.
You are positive; you are by default a bull; you want the market to go up.
You have fear of missing out (FOMO) if the market increases.

The Fear of Missing Out, or FOMO in stocks, is one of the most destructive impulses that an investor can experience. The emotions that drive FOMO are the fear of loss and the fear of not being part of the group. Fear of loss occurs when investors see other people making money.

Imagine this scene. The market is in turmoil, volatility is up, and the market is down.
You are smart, you realize the market will tank, and you are sitting on your cash.

YOU ARE OUT

Then suddenly, the market is having a great day; the NASDAQ or SPY is surging on open. You think this is it; I am all in, this is the end of the crash, I am getting in at the bottom. I want a piece of the pie.

YOU ARE BACK IN

You make 3% in one day. YES!!!

But this is what the institutions want you to think.

The market is pumped for a short-term gain to drag independent traders in.
Try Googling “archegos capital corruption.”
The market tanks 5% the next day, followed by another 4 days of 2% losses. Why? Because the institutions are selling against you.

JUST WHEN YOU THOUGHT YOU WERE OUT, THEY PULL YOU BACK IN.

Traders, you need to know this fact. Until the fundamental macro-economic factors change, the bear reigns king.

I am not a perma-bull or a perma-bear; the market, trend, economics, and the Fed show me the path.

Follow the Pacino rule, don’t let them drag you back in when you should be out.

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Stay safe traders.
Barry.
Liberating stock traders since 1999.

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The first price target was achieved at 12120, next target is 9664 (red dotted arrow). Don't get pulled back in yet!

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Yesterday was absolutely brutal -5% off the Nasdaq. Anyone pulled back in with FOMO would have taken a serious beating yesterday. This bear is strong. You need to stay strong and resist the FOMO.

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Another Al Pacino move pulled today. I hope not too many of you were sucker-punched again.

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Oh what a nasty capitulation today. Deep bear market. The MOSES indicator stays in deep bear mode.

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This analysis is proving very accurate still. I hope it helped.

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Ohh that bounce on Aug 18 was perfect, and the analysis is still spot on. This previous bear market call shows the start of the bear market.

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Still moving down according to the plan. :)

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Wow, this idea is still on track.