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Old 11-21-2007, 08:49 PM
Foghatlive Foghatlive is offline
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Join Date: Oct 2005
Location: Manhattan
Posts: 482
Default Re: Dow Theory Confirmed SELL signal today

[ QUOTE ]
If its a sell theory today, thats hilarious. Wouldn't that put your net gain for the year at 0%?

[/ QUOTE ]

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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