The Markets: Charting the Recession

This is a long term chart showing the last recession low in 2002. Once the 2002 low (7200) was broken, the Dow quickly sank to 6594 today. From what I’ve read, the market is becoming very oversold. In the next few days we could get a large move down (capitulation), and then a quick move back up again. No one has a crystal ball but I would not sell into a capitulation day. The market can move so quickly it’s impossible to time the market.