Does the post title sound ominous? If you are thinking of a zombie hoard coming at you but you only have six arrows left for your crossbow, then yes that is bad news indeed. Well, that is really not the case. The “wave” that I mention here is the market direction, and it is those extreme ones. Yup, sharp rises and falls, those types. The “ammo” is the amount of funds that you are ready to deploy when the wave comes, which for almost all of us, is a limited resource. And the whole context is about selecting the right counters with finite funds in a bull or bear market. Got the gist? Great. Now let’s move on. Looking At The Right Wave Before jumping into which counter to get, we must get a grasp of what and where the wave is going to be. The big clue here is...