Perhaps not just 'likely' but 'actually happening' http://www.zerohedge.com/news/2016-0...raight-weeks-w refer the buyback blackout period and effects on stocks.
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Perhaps not just 'likely' but 'actually happening' http://www.zerohedge.com/news/2016-0...raight-weeks-w refer the buyback blackout period and effects on stocks.
Well, if we look at the S&P 500 over the last 5 years, than the April's look to me quite "business as usual". I assume this "blackout period for buy backs is an annual event - isn't it? What happened to "sell it in May" (another unsubstantiated saying) anyway, if the April takes already all the gains ;)?
What I do see is in some years (e.g. 2011 and 2013) a dip starting in the second half of May (presumably as result of an unsatisfactory earning season) and yes, in 2012 the S&P 500 started to dip around late April. Nothing exciting (in April / May) to report for 2014 and 2015 - and yes, even in the "bad" years was it just a statistical ripple. Have a look for yourself (and just adjust the time scale to your needs - I used 5 years):
https://www.google.com/webhp?sourcei...%20500%20index
However - if we all want this time to be different and if we all sell our shares, than without doubt it will turn into a beautiful bear market (or correction or whatever) - and than it just depends on who blinks first and buys all these beautifully cheap shares ...
What do you think - do we want to create the bear? As most other things in life - if enough people believe in it, it turns into a self-full-filling prophecy.
There was an experiment with students. They had a room full of computers running a program that gives them each $10 and matches them with another (unknown) person in the room. At any time, someone could press the button to take $5 of their partners money. If $5 was taken from you, you lost everything.
The moral is, that you can't ask people to do something that's good for everyone, you can only termly them to do what's good for themselves.
As a side note, interestingly, if they were told who their partner was, they were less likely to steal.
Some denial and fear posts on this thread have given me some good lols.
If you straight line the S&P500 peaks instead of using a curve the resistance is around 2090
Purrsonally I do not own any financial instruments dependent upon the S&P500.
I will deal with
whatever happens,
when it happens,
on an individual basis,
with each and every,
share that I own,
as I think is best,
for me.
:)
Best Wishes
Paper Tiger
PS: This may count as some form of poetry.
The idea of trendlines is to sell when a rising market ends and to buy when a falling market ends..Drawing lines from peak to peak in a rising market will not give you that important sell/buy signal (breaking the trend), therefore that line is not called a trend line as such...Drawing peak to peak in a rising market gives a boundary limit in patterns..So yes, drawing a connecting line will show (possible) theoretical future resistance areas.....The problem using any straight line whether it is from peak to peak or from gap to gap or from trough to trough is that you need at least 3 touches to confirm that it is a valid line ...We have not been able to draw a valid adjusted primary or secondary trend line on a daily chart since the end February 2015..there are a couple of tertiary trend lines (shorter term) that could be drawn...but the two touches extended to 2090 as Frostyboy mentioned is not valid...
A rounding top pattern exists because of a lack of a primary trend line.
Sage advice or great poetry in motion?
Either one,I too buy shares in a company.The company sector,financials,and management, will govern how well or poorly the company will do.
This will then influence any chart.
I follow ex poster's Steve Fleming advice."share prices follow earnings,buy earnings per share growth.
It really works.!!! lol.
Let me take that one step further--earnings are the main worry in the US market--and eventually that market affects our market.
Steves advice works well within our market,but if you factor in outside forces,it gets more difficult.
The disappointing earnings has not caused to much havoc in the US atm (investors seem more interested in Janet) but if it does then there will be a flow on affect,which may not only affect share prices here,but even earnings.
Ride the bull while you can,but I do not think we are in a good ''buy and hold'' environment.
broke out consolidation, targets remain