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Bulkowski’s Market Review
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Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P 500 (^GSPC):
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As of 07/29/2010
10,467.16 -30.72 -0.3%
4,415.02 -5.30 -0.1%
387.34 -5.78 -1.5%
2,251.69 -12.87 -0.6%
1,101.53 -4.60 -0.4%
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YTD
0.4%
7.7%
-2.7%
-0.8%
-1.2%
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Tom’s Targets
 375 by 08/15/2010 |
CPI:  on 07/07/2010 |
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Written by and copyright © 2005-2010 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
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. If you buy ANYTHING, they pay for the referral.
