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Richard's Remarks

 

I've always found that it's difficult explaining the action of the primary trend to new subscribers. The best way to describe the primary trend is to compare it with the great tide of the ocean. Once the tide turns down (as now) I compare it to a broad irresistible force. It's a force that can't be timed or described in detail. It's an invisible force, but it exerts a pull that has an effect on almost all stocks. The weaker stocks are swept along rapidly by the primary trend, while the stronger stocks are pulled along more slowly.

 

I don't know how this bear market is going to work out, but maybe the best way of looking at it is on a monthly basis.

 

I have posted a monthly chart below, and on a monthly basis you can see how subtle the decline has been. The action can be all over ... Log in or subscribe to continue reading.


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