S&P Mini Trend
I know many of us are looking for the right time to buy the bottom.
But we must be honest and view the long term direction and not only the short term bounces.
This market just confirm a downturn on the long term chart, not the hourly or daily but ALL history chart.
You can not get more negative then this chart!
The bounce will come but it will be a bounce not a trend. The long term trend is down, the bounce is for days.
I post this to remind you that the last drop took 15 months to bottom from 11/2007 to 2/2009 and we dropped 50%, we have been in this down trend for 9 months and we have dropped 25%.
Yes there are bargains but the best choice is to remain liquid for another 6 months.
That will probably coincides with the Fed stopping raising interest rates
History does teach us !!
But we must be honest and view the long term direction and not only the short term bounces.
This market just confirm a downturn on the long term chart, not the hourly or daily but ALL history chart.
You can not get more negative then this chart!
The bounce will come but it will be a bounce not a trend. The long term trend is down, the bounce is for days.
I post this to remind you that the last drop took 15 months to bottom from 11/2007 to 2/2009 and we dropped 50%, we have been in this down trend for 9 months and we have dropped 25%.
Yes there are bargains but the best choice is to remain liquid for another 6 months.
That will probably coincides with the Fed stopping raising interest rates
History does teach us !!
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