Previous part of the post: My Three Comrades: the Chart, the Screener, and the Watchlist
Now let's move on to the fundamental analysis. Remember in this post I gave the example that a joint stock company can be thought of as a hotel, and owning shares can be thought of as owning one or more rooms in that hotel. So, imagine now that our hotel has a terrible...
S&P 500 started falling from Oct 2007. It fell to about 57% with a Minimum on March 2009.
On the way up, it crossed the 200 DMA. Once it crossed it generally did not fall much after that, with the 200 DMA behaving as a Support
SPY has fallen by 27% since Dec 2021 to Oct 7th, 2022.
Two similar percentages SPY has fallen are in:
1) May 2000 to Oct 2002 it fell by 47 percent.
If you bought SPY in May 2000, You would have had to wait till Aug 2007 for break even. Then again in Sept 2007 it fell by 57%. So in most likelihood, you would have had to wait till Feb 2013 to get the money...
similar measurements repeat. first, i accept that this idea may be nonsense and unusable. but since patterns repeat, it's possible that certain lengths also repeat in a way that help guide TA as the price action develops.
Im just looking for pullbacks into levels giving us a buying opportunity. I'm hoping if the $SPY could come into this 50D SMA. $QQQ also came in a little bit, coming right into the MP and let's see if it can pullback into this 50D SMA.
I do love the fact markets pulled back and really hope it continues to drop a day or two and sets up a really great opportunity for us.
Fellow Bountyhunters,
Two charts that tell us what can happen to the global equities is posted here.
Chart on left is the relative ratio of Stocks vs Bonds. One can see PRICE ACTION rising to the north after bottoming and testing some resistance as of now. If they breakout then we have a continuation and and this can possibly indicate continuation of the rise in...
SPDR S&P 500 ETF Trust is an Exchange traded fund. The fund seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The S&P 500® Index is composed of five hundred selected stocks. SPDR S&P 500 ETF Trust was founded on January 22, 1993 and is headquartered in New York, NY.
NYSE Arca
