How many investors are wishing they would have bought the lows of 2009 crash and held for the next 10 years?
Everyone says yes, but when it actually happens, everyone is out the door running like hell. If today actually was 2009, you wouldn’t buy the 2009 low because you would be scared to–just like so many investors were back in 2009. What if, we could have an effect like 2009 but without the scary economical data and the severe downtrend? Is it even possible?
Let me present to you the most preposterous chart you will ever see below.
This is the NASDAQ weekly-chart from 1999 to today with my reconfigured-oscillator. Here you can see that my oscillator is at the same level as the 2009 lows when NASDAQ crashed 55% from its peak (see highlighted area). Today we are down measly 15% from it’s peak, but as usual, just like they do on every pullback, everyone is losing their minds including wanna-be experts and teachers on Twitter acting like a clown.
Let me break this down for you.
- In 2009, the market and the economy was truly vulnerable and very difficult time fundamentally (utter financial crisis) and technically (severe downtrend).
- In 2018, we are nowhere near where 2009 was economically/fundamentally (we are in a much healthier state in the overall economy and continues to improve despite what you want to believe) and technically (we are still in a primary-term uptrend that is valid and in effect).
- The effect, this market gives to the market participants today, is like the 2009-55% crash-lows, psychologically (as the oscillator is at the same level as 2009 lows).
Today, you will have all of the advantages of buying this pullback within a healthy primary-term uptrend with the healthy economical data and extreme bullish technical long-term outlook, while the masses are freaking out and losing their minds.
NASDAQ Weekly: 1999 – 2018
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