Thrift Savings Plan

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Carl Swenlin's View on Long-Term Trend

Today the monthly PMO confirms many other indications that a bear market is in progress. While it is possible for a reversal to take place, that is not typically what happens with a PMO configuration sporting a smooth PMO top, downside crossover, and extended drawdown, such as we currently have. I anticipate an outcome that resembles the declines from the 2000 and 2007 market tops. That is to say that the monthly PMO should continue downward and possibly cross down through the zero line before a long-term price bottom forms.


http://stockcharts.com/articles/decisionpoint/2016/02/stocks-looking-long-term.html