Year 2011 was a very volatile year. Topping in Q2 2011 and then falling in Q3. Global equity markets reversed in 2011 Oct and kept on climbing. That’s when I started to speculate that we’re out of the bear market.
Though the market was volatile, I mentioned the markets were trending North despite the volatility. Bottoms were made at 10,400 and 11,250. Who would know where the Dow would meet resistance in the future?
The rally stalled in Nov having gained support in late November. Equity markets continued to climb assisted by the Santa rally commencing mid December. Again, the post was reinforced that we’re out of the bear market.
Is it time to go in? Should we chase the market?
In my last post, I hinted that the Dow would meet resistance at the 12,800 level. Did you all notice? On Jan 26th, the Dow broke ...
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