Bear necessities?
So yeah, the market just touched a support line I've drawn for myself first mentioned here . That line went back as far as the start of 2012. That's a major support right there as far as textbook definitions go. What does it exactly mean? Well, for me nothing really. People are just fond of giving meanings to patterns. Supports are suppose to be a point (or a range) where a stock may bounce back. But the thing is, nobody knows really. For a long-time investor like me, I treat them as some sort of entry points. See those green lines down there? I saw them as significant supports and thus my entry points (buy) to an index UITF. Wiggly Lines and whatnot Of course, the market is still in the position of tumbling down. I've learned to tame my emotions. Unless a major turd hits a windmill, I'm very far from being concerned.