The Dow Jones has closed higher 8 days in a row. Historically, this is a short term bearish sign for the stock market (but has no medium-long term implications for stocks). The stock market either makes a sideways consolidation, pullback, or small correction. The point is, no need to chase the rally in stocks right now. You can wait a little https://bullmarkets.co/study-what-happens-next-when-the-dow-goes-up-8-days-in-a-row/
Because everybody knows history repeats itself ......... exactly. Each and every future point in time. Right?
Maybe not, but I know some guys that backtest the crap out of situations similar to these and make a healthy living doing so. Research is about 8 hours a day, and trading is done via algo, but it can be done.
The goal is not to be right all the time, but to make money overall. The market is an ocean, we only need to grab a few scoops of it every day.
And streaks are made to be broken but all eventually end. I don't rely on streaks either way. Just price.
Interesting. Thank you. I have the Dow marked for a buy, but only after a pull-back of at least 3 days to a swing low with a daily low higher than 03/05. By the sounds of it I might get it.