has anyone read Larry Williams he essentially picked the great bullmarket we are currently in , in his book, "the right stock and the right time", publiched in 2003. In his book, he also lends a forecast as to when to exit the market
he bascially recommends exiting, at any time the DJIA falls below 2 % from its highest high AT THE SAME TIME that the DJ utilities index is down 8 % from its highest high and the DJ transports are 6 % down from its highest high. I looked for this in MAR, but the DJU and DJT never got to these pts and not surprisingly we got only a small pull back. BUT as off FRI, the DJIA is down 6 %, DJU down 9 %, DJT down 8 %.
This is going to be interesting !, for what its worth, I probably will not be rushing in to buy on MON.
DOW Price at posting:
0.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)