As of 12/01/2020   Indus: 29,824 +185.28 +0.6%     Trans: 12,494 +43.57 +0.3%     Utils: 868 +6.51 +0.8%     Nasdaq: 12,355 +156.37 +1.3%     S&P 500: 3,662 +40.82 +1.1%	YTD  +4.5%    +14.6%   -1.2%    +37.7%    +13.4%	Targets    Overview: 11/30/2020     30,700 or 28,250 by 12/15/2020   13,500 or 11,700 by 12/15/2020   830 or 925 by 12/15/2020   12,500 or 11,400 by 12/15/2020   3,750 or 3,400 by 12/15/2020
CPI (updated daily): on 11/2/20

As of 12/01/2020   Indus: 29,824 +185.28 +0.6%     Trans: 12,494 +43.57 +0.3%     Utils: 868 +6.51 +0.8%     Nasdaq: 12,355 +156.37 +1.3%     S&P 500: 3,662 +40.82 +1.1%	YTD  +4.5%    +14.6%   -1.2%    +37.7%    +13.4%
Targets    Overview: 11/30/2020     30,700 or 28,250 by 12/15/2020   13,500 or 11,700 by 12/15/2020   830 or 925 by 12/15/2020   12,500 or 11,400 by 12/15/2020   3,750 or 3,400 by 12/15/2020
CPI (updated daily): on 11/2/20

Bulkowski's Market Review

Last updated: 3/20/2020.

This is the main gateway for significant events in the stock market. The conclusions I draw from this analysis are these:

• If a major shock occurs that takes price down dramatically, buy soon after, perhaps within a week. This occurred on 9-11 and Black Monday (the crash of 1987). Early entry means you get in near the bottom of a fast recovery. The downside is, the recovery will be like an ugly double bottom or a dead-cat bounce -- a bounce upward with the second low above the first. That is fine so long as you get in near the low and not near the top of the bounce.
• For bear markets, like the crash of 1929, the 2000-2002 bear market, and the Covid Crash of 2020, then you have to call the bottom correctly before adding new positions. Taking your time before jumping in may mean missing a few points of the rise, but it helps avoid markets that climb some before continuing down.

This page is dedicated to Ronda Palm who gave me the idea... Thanks Ronda.

-- Thomas Bulkowski

 

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