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The green circles show the "fake outs," times when the market has fallen a lot in a short period and it felt like everything was going to hell. The market turned and continued to make new highs. The yellow circles are those times when the market closed the month below its 12 month low. At these times, the market has continued to fall drastically. We are not there yet. As you can see at the far right, the "trigger point" is the S&P falling below 1820. They Dow, now at 16,050 will be at about 15500 when the S&P is at 1820. Also remember that the trigger occurs when the last day of the month closes below 1820. If you are an aggressive investor (myself, and apparently Carl Icahn), you act before the trigger. The risk of acting earlier and attempting to act before the trigger is that of another fake out.
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