Adding to positions yesterday and today

While I might very well be early buying because the WEEKLY charts are not yet into oversold territory, the daily charts have reached oversold. If one believes this is a true bull market, then the thing to do is buy into these sharp drops, as timing mistakes will be corrected in a bull market, and who knows, we might just get the bottom. My plan is to add bigger positions as the mining etfs get into the oversold zone on the WEEKLY charts. It’s not the signal or the indicator that is the secret to making money, that part is actually quite easy, it’s the discipline to stay focused on the bigger picture (bull market), while making decisions in the short term from what the indicators are telling us to do.

I am aware that many gurus are suggesting miners are headed lower for a month or two, in fact most of them are doing this. I would not buy more on this contrarian thought alone, but it’s good to be invested with the big, long term trend, an especially when it is against the short term consensus. I like where my portfolios stand.