Over the past few weeks I have noticed something interesting. A number of people I know are cancelling their subscriptions to various data and information feed as well as a few information related forums I know of. Their rationale is that they have grown tired of waiting for the market.
If I didnt know better we are about to see a transfer of wealth from the weak and impatient to the strong and the patient. Some price action theories suggest that at market bottoms people eventually lose patience and give up.
Time will tell……….