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The patterns do repeat themselves — and with good reason. The stock market is governed by a set of two principles: supply and demand ; and fear and greed. Both are based on human nature, and human nature doesn’t change.
In a bear market, all stocks are taken down. Greed gives way to fear, and investors can’t sell fast enough. But the smart money sees value in the best stocks and will begin accumulating shares, bidding these stocks up. So, when the market hits bottom, some of these stocks will have already built bases and are back near highs.
They get ready to break out and rush to new highs, leading the way once a new bull market begins. And these bases have certain characteristics that show up repeatedly in market cycle after market cycle.
Published at Sat, 01 Feb 2020 23:27:42 +0000
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