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Bulkowski's Market Review
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Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
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As of 07/30/2014
16,880 -31.75 -0.2%
8,277 58.92 0.7%
549 -9.65 -1.7%
4,463 20.20 0.5%
1,970 0.12 0.0%
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YTD
1.8%
11.8%
11.8%
6.9%
6.6%
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 16,500 or 17,200 by 08/15/2014 8,000 or 8,500 by 08/15/2014
535 or 575 by 08/15/2014
 4,500 or 4,250 by 08/15/2014 1,925 or 2,050 by 08/15/2014
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Written by and copyright © 2005-2013 by Thomas N. Bulkowski. All rights reserved.
This is the main gateway for significant events in the stock market. The conclusions I draw from this analysis are two:
- If a major shock occurs that takes price down dramatically, buy soon after, perhaps within a week. This
occurred on 9-11 and Black Monday (the 1987 crash). Early entry means you get in near the bottom of a fast recovery.
The downside is, the recovery will be like an ugly double bottom or
a dead-cat bounce -- a bounce upward with the second low above the
first. That is fine so long as you get in near the low and not near the top of the bounce.
- For bear markets, like the 1929 stock market crash and the 2000-2002 bear market, then you have to call the bottom correctly
before adding new positions. Taking your time before jumping in may mean missing a few points of the rise, but it helps
avoid markets that climb some before continuing down.
This page is dedicated to Ronda Palm who gave me the idea... Thanks Ronda.
-- Thomas Bulkowski
Copyright © 2005-2013 by Thomas N. Bulkowski. All rights reserved. Moderate: a guy who makes enemies left and right.
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