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I appreciate your perspective, jhuichen2012. It sounds like a good time to go all-in, for traders who subscribe to this flavor of technical analysis.

For a fundamentalist investor, I suspect the bottom is still a couple of months away. The worst corporate conditions took place in 2022Q4. Assuming those conditions are over, and I do, those problems will be reflected in Q4 reporting which will take place before March 1.

We may have a situation where knee-jerk reactionaries create high value in response to Q4 earnings. Time will tell.

Personally, I haven't sold a single share because of this or any other market trend. If I respect corporate management, I hang in there with them through thick and thin. Yes, I'm that stubborn. Our portfolio value floats with the market wind. Our ownership status, on the other hand, is rock solid.
 

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It's been less than two weeks but I wish to point out that Mr. jhuichen2012 successfully used technical analysis to predict a short term market up swing. Perhaps this is the start of a new bull market as the subject suggests?

Like so many threads on CMF, his three comments were fundamentally negative. That includes mine. I apologize for that behaviour.

I hope Mr. Jhuichen2012 was able to profit off this clever bit of analysis.

Also, as is standard behaviour, I continue to keep my powder dry and wait for the March/April time frame to invest surplus cash. Despite being wrong, I shall cling to my misinformation as superior to someone else's proven correct information. 😁
 
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