The first was in 1995 and the stock market was in a full fledged blast-off stage and didn't look back, but the next 3 signals led to a 12% drop, then the 2001 peak and the 2007 peak in the equity market.
Who knows if the current 750 batting average will hold up, but it is interesting.
Keep in mind the "New Fed Chairman" batting average is 800 (80% correct) for lower "real" stock prices 5 years after a new Fed Chair takes over... see links below.
Have a great weekend.
You'd think it's common sense, since, hey, real life events should move markets and not some arbitrary chart formation, right?
Yet we're all so focused on spotting our favorites setups that we miss the big picture.
Thanks for sharing these insights here Tim.