A stock tops out long before its earnings do. That is the value of technical analysis. This daily Guppy chart shows that AAPL entered a BWR pattern in early November with all of its shorter and faster moving averages (red) declining below its longer term averages (blue). The media pundits who rely on the fundamentals and news to forecast a likely move are usually late and wrong. Stocks discount the future. So why are all world markets declining? Stay tuned…..
Great stuff as always Dr Wish! Very much appreciate this blog!!! If we have have not moved into 100% as you did, is it to late to do so at these levels? thanks so much for your help!
Do you see recession coming with markets tanking today?
Sorry my earlier post got botched! My question was if not already 100% in cash, is it to late to do so? Thanks.
Maybe sell a part – 40 or 50 percent not all. Market probably near bottom already.
@b – If the stock you own is dropping, sell it ASAP
This market is in a strong rebound. If it fails, it may not be too late to get out? Nobody knows.
I do not make those estimates–just read what the market is doing.
Still mainly in cash. Will move back in when GMI turns green or we gat a RWB weekly pattern in Guppy charts. Thank you for your kind note.