LOL; good points. 200 day moving average is a good measure; not that one daily dip means much, mostly..................................................................................ONE Chicago trader warned ''the smarter you are , the longer it takes''LOL
This guy says the bull market is already starting... Where was he since 2009?
- Thread starter S2007S
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Here's a question Jack Rabbit.... how would that chart look with the original components?We've been in a bull market ever since the 1940's..
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More interestingly is the inflation adjusted S&P chart...
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Not an expert in Elliot Waves etc... but this looks like we just started the 3rd wave? Next top S&P at 10.000 around the 2030's????
Of course there's no data pre-1920's... which makes it food for debunkers!!
EDIT... looks more like a top of S&P at 20.000 but inflation adjusted would mean only 400% return. Anyway... where's the 5.000 Dec-2025 call at???... and I should really buy back my shorts...
The DOW doesn't like Kodak, so they put AAPL in.
How does that work when looking at charts? Beyond me... but it would seem to indicate everything is not what it seems. https://en.wikipedia.org/wiki/Historical_components_of_the_Dow_Jones_Industrial_Average
I agree. And we are just now starting to see real wage growth. That's the second shoe to drop, IMO. So much for "deflation" everyone was talking about not too long ago.
It's amazing that in this day and age someone would posit that bull markets don't begin until we make historical new highs. Laughable at best.--The bull market started in Mar 2009 and will soon be 8 years old if it lives a few more months +++Period+++
False. We even had a 20% correction in 2011. Is that not a bear market? What is your definition of a bear market? If we had a bear market in 2011 then at the very least you can't start the latest bull market until 2012. Or does that 21% selloff not count? LOL.
No. Support levels were not taken out in the corrections along the way. In order for a bear market to occur there must be an obvious reversal or support levels need to be taken out. Neither has happened since Mar 2009.
Years ago, a 20% dip in the market was not considered a "bear market". In fact, it was just "routine noise"... a "correction" on the way up.
In bull and bear markets psychology is as much a factor as prices. "Relentlessness" in one direction. To someone hold long in a bear market, it seems the pain will never end.