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At the end of the day, an analyst's job is to take a complex thing, make some kind of good sense of it, and let his or her readers know what the data tells them.
When that complex "thing" is stocks, there are a few ways we can do that.
A fundamental analyst is going to look at things like cash flow for a company or the S&P 500, and… make some sense of it, and make an educated, informed guess as to what's going to happen – where those fundamentals will be in the future.
A technical analyst like me is going to look at history (in the form of charts) and determine – you guessed it – what's going to happen – whether history's going to repeat itself or not.
And so I'd like to share a chart with you all today. Not just "a" chart, but the chart that tells us not only where we've been, but more importantly, what to expect in the near term.
Here we go…
About the Author
D.R. Barton, Jr., Technical Trading Specialist for Money Map Press, is a world-renowned authority on technical trading with 25 years of experience. He spent the first part of his career as a chemical engineer with DuPont. During this time, he researched and developed the trading secrets that led to his first successful research service. Thanks to the wealth he was able to create for himself and his followers, D.R. retired early to pursue his passion for investing and showing fellow investors how to build toward financial freedom.