Markets are cracking. Is it just another dip or are we witnessing a bigger event in the making?

Oct 17 12:10 2018 Print This Article

The general market conditions for the various major indexes have been commented on extensively by other commentators here on the site. There is no doubt that there is more rumble in the markets now than we have seen for a long time.

IMHO this makes it an interesting time for analysts and investors alike and a good thing to do, as Greg Schnell pointed out nicely in his recent article, is to zoom out. You do not want to get caught in micro-analysis while the bigger picture is shifting.

My favorite BIG PICTURE tool is, obviously ;) , the RRG showing various asset classes against a balanced benchmark which I use in this blog on a regular basis.

Another way of "stepping back" for me is to print off a number of charts, plain vanilla price, no indicators overlays, and just start playing with a ruler and some felt-pens, the longer the chart, the thicker the tips... It just helps to get away from a lot of noise.

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