March 2003 was when the U.S. stock market finally bottomed after the dot-com bust and started to make a year-long, sharp recovery.
Sounds familiar?
Guys at Break Point Trades had this log chart in their free newsletter: daily S&P 500 from February 2003 to December 2004. The similarities are almost spooky. Should the history repeats, then what we may have for most of the year looks like a choppy market that makes lower highs and lower lows within the falling wedge/flag.
That would actually be a bullish formation, as you can see in this chart; S&P finally broke to the upside in November.
Just watch out for non-financial events that could obliterate any TA. Greece, EMU, US domestic politics, Middle East... take your pick.
Closing Time for 2015
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A fox doesn't seem to care if the air dose rate is in several millisieverts
per hour inside the Reactor 2 building around containment vessel.
From TEPCO's ...
8 years ago
This is a wonderful website!!
ReplyDelete参考になります。
ありがとう! Thank you!!
I'd be pleased if you exchange reciprocal link with me.
お互いがんばりましょう。
http://easy-happy-invest.blogspot.com/
この記事の中でリンクしています。
Easy investment:Point And Figure Charting (2010/02/23)
http://easy-happy-invest.blogspot.com/2010/02/point-and-figure-charting.html
良かったらみてください。
Yeah bunch of mumbo jumbo nonsense, isn't it? LOL.
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