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Wednesday, September 14, 2011

Phases of a Bull Market - Charts

Continuing my previous post on how to build positions, here are some charts showing the last three major sector bull markets (gold, homebuilding and NASDAQ) and the common anatomy. There are very clear Accumulation, Participation and Parabolic/Mania Phases in all three. What we don't know is how high and far gold will go.

Gold:


Toll Brothers:


NASDAQ:


All charts courtesy of www.stockcharts.com
Posted by at 12:50 AM

2 comments:

  1. Max PowerSeptember 14, 2011 at 5:53 PM

    boy you got to be really patient in the accumulation phase. I'm not that patient lol.

    ReplyDelete
  2. The ChartographerSeptember 15, 2011 at 5:03 PM

    I completely agree...you have to be convinced of your theory and consistently deal with the wild swings along the way. It's tough to do. That's why it's important to know your temperament and whether you're better suited for shorter-termm trading.

    ReplyDelete

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