Re: Dow Theory Confirmed SELL signal today
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If its a sell theory today, thats hilarious. Wouldn't that put your net gain for the year at 0%?
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The sell signal is more for insurance so that you don't get caught in a sharp downturn.
In the 1929 Crash, most of the "experts" thought the first 15% drop was just a correction. When all was said and done, the dow dropped 89%.
The people who didn't get wiped out were the ones who set an arbitrary sell point, and got out before the real carnage.
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There was ONE major distinction from 1929- present time though.....as back then you could buy stocks with 10% down.
With many market participants being 90% MARGINED..... the severity/intensity of the crash was inevitable
SF
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