I still can't get that giant megaphone formation of the Dow (shown below) out of my mind. Note that the Dow, in its latest advance, has still not come into contact with the upper trendline of the megaphone. And maybe that will happen. Based on the chart, the Dow would have to rally to about 1600 in order to make contact with the upper trendline.
All of which leaves us to survey and study today's price action.
My fascination has always been with the big picture and the direction of the primary trend. In my experience, the best and by far the safest way to make money in the stock market is to buy good, blue chip, dividend-paying stocks at a bear market bottom and to stay with those stocks through most of the ensuing bull market.
Of course, great bear market bottoms such as 1942, 1949, 1974, and 1982 are few and ... Log in or subscribe to continue reading.
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