As it stands, both indexes need to break below the following initial bear market lows before the intermediate bear market is over.
Dow: 15372.80
If either break below this levels, without confirmation of the other, then the above numbers change based on the new low.
Another thing to watch for is divergence on new intermediate highs. If one idex hits a new intermediate high, and the other does not, both indexes will most likely fall.
This is free advice ... But very valuable. I sometimes wonder if I should be bothering posting this stuff for free.
I read recently in Zack's "profit from the pros", that they have switched to 100% long on stocks again. This isn't a bad idea if you don't want to follow the daily moves of the stock market. But an even better idea is to accumulate positions over a longer period of time, if you've got time. I have 30+ years, so it makes sense for me to buy, buy, buy. This will just mean when markets are down, I buy more shares for the same dollar amount than when markets are up.
Happy investing,
R
