Markets

Critical Juncture Here for Markets–Technically Speaking

[NOTE; This information does not constitute investment advice whatsoever. It is intended for education and entertainment only. Investment decisions should be made with the personalized attention of a professional]

That’s where we are now. Note the bounce is almost exactly half the distance back to the highs

Stock markets follow patterns because people in groups follow patterns. One very reliable such pattern is that during major market corrections, the indexes tend to drop and then correct (bounce back) 50% before they resume the downward trend.

That’s where we are now. Note the bounce is almost exactly half the distance back to the highs

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The market dropped and just completed a 50% retracement or bounce. If a larger correction is coming, this would be the time to step aside.

But you don’t get to know in advance.

Today’s action is pretty weak and it bears (no pun intended) watching. These are the tough calls. But this is the time to pay attention.

WRH

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