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Ep. 53: Mike Webster: Using Past Bear Markets To Profit In The Next Uptrend

Investing With IBD

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The Daily Chart of the Market in 1938

In 1938, 37, 38 kind of feels a bit like what we're going through right now. It's not quite as bad as what happened in 1929 that we just looked at, but it's very, very severe. So why don't we look at the daily of this should be next? Here you've got your daily chart. And this is a follow through day. Notice as the market was coming down, you know, through kind of July through September and October, that you were underneath your 200,. You were underneath your 50 and you were below your 21 day that entire time. But now here’s your follow through that is,You know, it's a legitimate follow

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