They don't allow the stock market's
natural bullish bias to work for them.
When you think the market will make a 5 % decline, there's a > 50 % chance that it will first rise 5 % before falling 5 % (thanks to
the natural bullish bias).
Bull markets have
a natural bullish bias, so picking tops is a lot harder than picking bottoms.
Not exact matches
The U.S. stock market is different from all other markets in this respect: it has a
natural long term
bullish bias (until the day aliens come and annihilate the U.S.).
The stock market is different from forex and commodities: it has a
natural long term
bullish bias.