TASI: Prepare for your new years
Updated
- Since 2006, TASI had 3 bear market periods and 2 pull markets ( and currently in the 3rd. )
- Each period had lasted (1/2 the time of the previous similar period either bear or pull)
- The maximum period was 5 years and the shortest is 10 weeks from today
- The closing above 9400 in 8-10 weeks is very positive for targets at 12000 and 15000 points.
- Investment wise, the Saudi Tadawul market is net long over the short and medium term or until major event happens.
Share your thoughts
we will go over interesting charts behind this pull structure in the market index. Share your favourite.
Best,
Note
We love this very first post we had on the page. It set the stage for our view of the pull market that we are in right now. It is a completely different market now than all the previous two major pull markets since 2006. Perhaps is more comparable to the pre-2006 market boom. Our only advice is to keep most of your trades in monthly view so you don't miss on your best preforming periods. Avoid overtrading. Keep it on the monthly chart and even with that don't sell on the first monthly red candle. Keep your fear and greed in balance. There is no need to overperform the market when the market is going to overperform its own 10 year history.
will keep this here for history.
Best,
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