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by rnd33 2289 days ago
Are all bear markets the same? If there's a clear signal when to start buying why isn't everyone doing it?

To me technical analysis of the stock market is the modern equivalent of a shaman predicting next year's harvest. It sounds very convincing but there's little scientific evidence that it can predict anything accurately.

1 comments

It's as though you think everyone is rational. If they are they should be selling, but no, they are buying.
I'm not saying everyone is rational, I'm just saying there is no reliable way of predicting when the market has bottomed out.

DCA-ing on the way down means I will at least buy lower than a year ago. I have no way of knowing when we will bottom out, or if it will be -25%, -30% or -50% and beyond.

for someone to be able to sell, another one has to buy.