Dow Hits New All Time Highs

Posted on March 5, 2013. Filed under: From The Right Edge | Tags: , , , , , |

INDU - M

“When good news about the market hits the front page of the New York Times, sell.”

– Bernard Baruch

Today the Dow Jones Industrial Average made a new all time high.  Quite a feat in light of events of the last few years as well as the ongoing problems.  That said, we thought this as good a time as any to return from our self-imposed break (many thanks to all of you who reached out).  We want to make a couple of points about this chart.

  • There will likely be some johnny come latelys that jump on board in the next few days and push the Dow higher
  • There have been plenty of opportunities to trade the Dow effectively WITHOUT just holding it
  • Now is probably the worst time to jump in and buy… but lots of people will do it anyway
  • There will be lots of “investment experts” telling you that we are going straight up to 20,000 from here… and they are wrong
  • There will be lots of “investment experts” telling you that we are going straight back to 10,000 from here… and they are wrong

If you are interested in buying/selling the market, we suggest you wait for (stalk) a more prudent entry… but that’s just us.

For more on the potential upside of the market, check this out…

For the downside argument, have a look here

Pick a side (doesn’t really matter which)… and trade accordingly.


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