Getting Set To Move Higher


Established member
752 6
16 years of buy and hold didn't do much good from 1966. And think about the effect of inflation over that period. But for traders, there were loads of opportunities. 46% correction in 73/74, followed by an 82% rally in 1975 - plenty of other huge swings as well.

The point of the chart is that an 18 year bull market which increases stock prices 10x is not the norm, and we had better get used to this new environment.


60 0
I think it's looking like the end of the rally folks, ah well it was nice while it lasted.
My signal to get out of long positions at 950 (see first posting on this thread) for 50+ points in the S&P looks good so far as we are another 50 - 60 points ahead with plenty more to come I imagine.
I also note that Gold has broken out to the upside while there have been some interesting moves among commodities.
Philip Morris (MO) is a stock I like to the upside.
Take a look at the site if you get a moment
Good luck everyone
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