INDEX:DOWI   DOW Industrials
144 1 0
the END, soon
knock
3 years ago
I wish it's that easy. First people connected SPX's tops and made numerous calls for market crash since last year. Then people used IWM. Then TRANS. Then DJ-30. Wha'ts interesting is there are tons of doomsday charts, but very few analysis for new highs. Assume we were in March 2009 when the lower low was formed. Apparently the three-point-bottom was broken (1998, 2003, 2009), and then chartist would have called market crash down to zero. But, what really happened when the support was broken? multi-year bull market. I think the only way is to follow the market and invest in quality stocks, instead of predicting the market movement.

With that said, short term pullback is not surprising. The big question is: shall we hold onto cash or we buy the dip? I honestly don't know, but as the market is not clear, it may not be a bad idea to look for some good stocks to invest. The main page of tradingview offers lot of great ideas.
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