Subject: Re: What constitutes success?
One further chart to illustrate how consensus scores work. I'll be showing the 2007-2009 once again. The cross from a high bullish score to bearish score occurs at ten. The date was 7/23/2007.
Bullish rose above bearish at ten on 3/2/2009.
https://www.zeelotes.org/Train...
What would this look like if one acted on this?
Close Close ROI ROI Cum ROI Cum ROI
Date NDX RUT NDX RUT
1/1/2007 $1,756.90 $787.66
7/23/2007 $2,036.33 $835.62 15.90% 6.09% 15.90% 6.09%
3/2/2009 $1,076.67 $367.80 47.13% 55.98% 70.53% 65.48%
12/31/2009 $1,860.31 $625.39 72.78% 70.04% 194.64% 181.38%
My point is simple: It pays to study the markets because although they do not repeat, they often rhyme. There is truly nothing new under the sun. Historical precedent has a lot to say that can be helpful in avoiding major market drawdowns.