Time to identify, respect and honour the gaps

In this note from July 31, 2022 titled,

‘Benchmarking sucks and a safer time to buy ahead’

Benchmarking Sucks and a safer time to buy ahead

I wrote,

“there are many gap-up’s that markets will back and fill.

The setup in the weeks ahead should be a safer moment to accumulate for those longer-term investors.”

Today, I feel the same way again.

I’m not fancying the gaps below.

The daily and weekly charts below circle the price of the S&P 500 on July 31, 2022 and ‘the weeks ahead’ which have proved indeed “a safer moment to accumulate”

December 3, 2024

rob@karriasset.com.au