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Have you been following our research? Were you prepared for this move like we were? Did you profit from this incredibly quick and volatile downside price move in the US markets?
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The US bear market of — was a month bear market that lasted from October 9, to March 9,during the financial crisis of The DJIA, a price-weighted average adjusted for splits and dividends of 30 large companies on the New York Stock Exchange, peaked on October 9, with a closing price of 14, The DJIA hit a market low of 6, During the bear market a heavy debate ensued as to whose fault the falling market was.
It's gets you right down into that 2, range. Suttmeier estimates it'll take weeks for stocks to find a floor, especially since the volatility is coming during the worst seasonal period of the year: August through October. According to Suttmeier, panic isn't widespread enough for stocks bottom.
Advantages: Alert shows forming trends live on linebreak charts Limitations: Does not function the same on other charts such as candles TradingView account needed: pro subscription or Simple triangle running out of space. Looks like support might be back around
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Riskier assets eased, and US yields to edge lower, as the push and pull of earnings weighed on stock prices. US stocks were led down by the Nasdaq which was the worst-performing sector. Sectors were mixed, led down by technology shares, energy shares bucked the trend and moved higher.
My rule of thumb is to look for a stock or the market to make three lower lows with the third low ideally even slightly below the trend of the first two. At the second lower spike, these new investors CRY in anguish. At the third and final lower spike, they DIE and sell their shares in exasperation.