Lookie lookie - see that large red candle I've circled? Further strength to the overall pattern that is forming is given by strength of rejection of further accumulation in this candle. Look anywhere else on this chart for a candle of this depth for an indication of what follows.
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"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain -
What NAT said a few posts up.And the lord said unto John; "come forth and receive eternal life." But John came fifth and won a toaster.Comment
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You honestly believe this crap don't you?Originally posted by scooterscot View PostLookie lookie - see that large red candle I've circled? Further strength to the overall pattern that is forming is given by strength of rejection of further accumulation in this candle. Look anywhere else on this chart for a candle of this depth for an indication of what follows.
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I keep waiting for it to happen so I can scoop up stocks at low low prices. Last summer I was 60K up on my investments over the last two years. Then it dipped to 20K
but now it's up to 43K.
But there's definitely bargains to be had, even now.Down with racism. Long live miscegenation!Comment
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AMDOriginally posted by NotAllThere View PostI keep waiting for it to happen so I can scoop up stocks at low low prices. Last summer I was 60K up on my investments over the last two years. Then it dipped to 20K but now it's up to 43K.
But there's definitely bargains to be had, even now.
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Your reaction times operating in a different time frame to the market. Zoom out 10 fold to see the larger picture.Originally posted by NotAllThere View Post"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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There are some UK-focused stocks that will do pretty nicely in the event of *any* sort of Brexit deal, even can kicking. Think Lloyds and Taylor Wimpey in the FTSE 100, but they're mostly in the FTSE 250. OTOH, they'll be hammered if not.Originally posted by NotAllThere View PostI keep waiting for it to happen so I can scoop up stocks at low low prices. Last summer I was 60K up on my investments over the last two years. Then it dipped to 20K but now it's up to 43K.
But there's definitely bargains to be had, even now.
Still, probably a good punt, if you're the punting type.
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I don't react. I invest a few grand every few months in companies that I think are worth investing in. I rarely sell.Originally posted by scooterscot View PostDown with racism. Long live miscegenation!Comment
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Oh dearOriginally posted by NotAllThere View Post"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Buy & hold has worked well over the past four decades. Even where there have been crashes and bear markets, the market has recovered within a few years.
However, it's not always been like that.
After 1929, the Dow took 30 years to make a new ATH.
The same happened again in 1965; it took another 30 years to make a new ATH.
Dow Jones - 100 Year Historical Chart | MacroTrendsComment
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