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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 07/24/2014
17,084 -2.83 0.0%
8,467 -1.94 0.0%
561 1.86 0.3%
4,472 -1.59 0.0%
1,988 0.97 0.0%
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YTD
3.1%
14.4%
14.3%
7.1%
7.6%
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 17,300 or 16,500 by 08/01/2014 8,700 or 8,150 by 08/15/2014
575 or 535 by 08/01/2014
4,500 or 4,250 by 08/01/2014
2,050 or 1,900 by 08/01/2014
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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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