Blog Post: 1,011 new yearly lows for US stocks on Thursday; I am so sorry for those well meaning but uninformed people who did not exit this market more than 9 months ago when the technicals signaled trouble. This quote from Jesse Livermore says it all.

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“Finally there came the awful day of reckoning for the bulls and the optimists and the wishful thinkers and those vast hordes that, dreading the pain of a small loss at the beginning, were now about to suffer total amputation-without anesthetics.”

This quote appears in this slide which I will show my students tomorrow. It is indeed unfortunate that many older persons, and especially retirees, are having their financial lives threatened by the current declining market. This is why I publish this blog and teach young people what I wish someone had taught me at their ages.

Blog Post: Day 16 of $QQQ down-trend; 29 US yearly highs and 563 lows, 6 at ATH; IBD calls market in correction; It is still the time to be on the sidelines. When the GMI turns Green it will be worthwhile going long again. Check out the weekly 10:30 chart of $SPY

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This weekly 10:30 chart of SPY shows the trend of the market. Until the 10 week average rises above the 30 week average, the down-trend persists. Look at the pattern in 2021. Note the close (gray line) below both averages leading them down.