Not sure if you noticed, but that group of widely-held issues collectively making up the Dow Jones Industrials Avererge — a major U.S. index whose place in modern society I became aware of sometime shortly after becoming school-aged — has risen just about 61.8% off March '09 bottom.
Now in the school of Elliott where I graduated many years following kindergarten I discovered the increase in rabbit population starting from a single male-female pair will trend toward 61.8% after but a few generations, and so began the journey to my gaining possession of sound financial analysis in whose substance I now can claim the market's get up and go musta got up and went...
(Judging by volume performance off March '09 bottom — particularly since early-July — the mantra characterizing the Dow's advance might better be, "Hey buddy, can you spare a dime's worth of fear?")
Therefore, with the index of widely-held issues approaching a 61.8% gain, you invariably arrive at this picture of a broken bull, well past its prime, singing, "You can't catch me cuz the rabbit done died."
Yes it did.
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.
Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.
Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.
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