A cold wind was blowing through Wall Street in the Fall of 1971. After a
dramatic 100 point rally ignited by President Nixon's announcement of Wage &
Price Controls, the market suddenly reversed itself and began to plummet. Things
looked bad. The DJIA had just broken its support point and fallen to a new low.
Many analysts announced that we had begun a Bear market.
I didn't think so. That was because a few of the select indicators I keep were
giving bullish readings for the stock market. Reflecting back upon it, I'm certain I
was as influenced emotionally by the break to new lows as anyone. Things looked
dismal. I felt a knot in the pit of my stomach. But when I turned to look at my
indicators, the ones I will be discussing in just a few more chapters, I noticed they
were in a distinct bullish area. Their message was clear: they were telling us to buy
stocks. So I did.....
Price: 5 USD
All books are in English, presented in format of doc or pdf, printable.
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