Bear market rallies, steepest advance since 1933
In 41 so-called bear market rallies since 1928 — gains of more than 10 percent that are later wiped out — equities fell an average 25 percent after peaking.
In 41 so-called bear market rallies since 1928 — gains of more than 10 percent that are later wiped out — equities fell an average 25 percent after peaking.
The biggest lesson in trading is that the market has no rules, only tendencies. Learning the highest tendency and using that to leverage a position with very strict risk management is the key to trading.
S&P Emini Futures Daily Chart May 12, 2009
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