As of 01/23/2020   Indus: 29,160 -26.18 -0.1%     Trans: 11,143 +144.06 +1.3%     Utils: 929 +8.61 +0.9%     Nasdaq: 9,402 +18.71 +0.2%     S&P 500: 3,326 +3.79 +0.1%	YTD  +2.2%    +2.2%    +5.6%    +4.8%    +2.9%	Targets    Overview: 01/14/2020     29,500 or 28,300 by 02/01/2020   11,500 or 10,700 by 02/01/2020   1,025 or 900 by 02/01/2020   9,600 or 8,900 by 02/01/2020   3,350 or 3,200 by 02/01/2020
Chart pattern indicator: on 1/9/20

As of 01/23/2020   Indus: 29,160 -26.18 -0.1%     Trans: 11,143 +144.06 +1.3%     Utils: 929 +8.61 +0.9%     Nasdaq: 9,402 +18.71 +0.2%     S&P 500: 3,326 +3.79 +0.1%	YTD  +2.2%    +2.2%    +5.6%    +4.8%    +2.9%
Targets    Overview: 01/14/2020     29,500 or 28,300 by 02/01/2020   11,500 or 10,700 by 02/01/2020   1,025 or 900 by 02/01/2020   9,600 or 8,900 by 02/01/2020   3,350 or 3,200 by 02/01/2020
Chart pattern indicator: on 1/9/20

Bulkowski's Market Review

Last updated: 1/2/2019.

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

 

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