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Read the Chart and Know the Truth
- and now you know the rest of the story.....
The American economy is a power house! The last 7 years have seen a great rebound from incredible catastrophe. Look at the dates on the chart that is posted. The drop in stock market equity and the 9/11 Tragedy took enormous toll on the economy. The past 7 years have been an economic 'boom' and a great opportunity to profit in the stock market. The stock market is up 100%. The people and the economy of the United States have overcome great adversity.
The 'market' is not good or bad. It is purely opportunity. Some times are better than others to be invested and this is what you will learn from Invest with Success by Dr. Charles B Schaap. Here is a chart of FNM - A 50-50 Strategy Trader knows more than the average Wall Street analyst.
Chapters 11 & 12 of Invest with Success cover Cycles in the Market. This is the monthly chart of the SPY, and we can see the latter half of the expansion of the 90s. Take note of the 50-50 Strategy that is applied to the chart. There is a peak in 2000 and a second peak in late 2007, this is an 'M' pattern or double top. Price makes a high, trades lower, then re-tests the high. Whenever price reaches a previous high, this is considered resistance.
More historia - The Housing Sector. Of course you can time your money!
Read These Headlines From 1970
It starts off like this, "By the start of the 1970’s, the environmental movement had gained significant momentum in the United States." Now read it for yourself -click here- and be an informed voter and investor.
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