This episode addressed the fallacy of "the more bulls in the market, the higher prices will go". Timing couldn't be more important than now, as the Federal Reserve has just concluded another meeting about interest rates, and their policy moving forward. After a historic hiking program, interest rates are at levels that have shut many buyers out of home buying, caused three of the five largest bank failures in history to occur within 2023, and caused the economy to seize up and falter.
Ken clears the clouds away with an amazing graphic, courtesy of our friends at Elliottwave.com, and explains the predictive power of using objective data with historic chart pattern recognition to probability rank future market behavior.
If you have money in the market and are nervous about how to navigate another decline in prices, and portfolio value, listen in for some alternatives.
We Got You...
Please click here for a special offer from ElliottWave.com, who generously shares their amazing graphics with us: https://www.elliottwave.com/investor-research/financial-forecast-service?utm_medium=aff&&acn=wavtrak&utm_source=wavtrak
Here's the Chart to follow along:
Chart of Historic Bullish extreme:
https://drive.google.com/file/d/1WSSMGYE5f7LBdora3KoRcfccFK-gJNPz/view?usp=sharing
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