Dow Theory Confirmed SELL signal today

[Foghatlive]

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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.

[stephenNUTS]

[ QUOTE ]
[ 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.

[/ QUOTE ]

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