A massive down day with the Dow Jones losing -231 points (-1.41%) and the Nasdaq losing -63 points (-1.46%). Today’s market action closed the large gap that was left behind on March 4th when Putin promised not to invade Ukraine.
Is this a simple technical correction or start of a larger trend?
Over the last few weeks, and on numerous occasions, I have outlined how 5-Year cycles control large trends withing the stock market. For instance, the bull market between October 10th, 2002 bottom and October 11th, 2007 top was exactly 5 Years and 1 trading day. Thus far, the market topped out on March 7th. That’s right, exactly 5 Years and 1 trading day from March 6th, 2009 bottom.
Does that mean the bear market has already started?
The answer is a lot more complicated than just one cycle outlined above. I did mention before that the bear market of 2014-2017 has already started (on the Dow) on December 31st, 2013. If you would be interested in learning exactly where we are in this bear market and the exact composition of the decline over the next 3 years, please Click Here.
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Stock Market Update, March 13th, 2014, InvestWithAlex.com Google