Can ancient proverbs provide wise or foolish advice about our contemporary times stock market?
The Chicago Tribune Chart in the Investing Stock Recap contains a charting which indicates a triple top and a single bottom pattern.
Savvy investors may discern this pattern as a warning of a downward trend.
The Purpose of This Post
Is to relate an ancient proverb and information of an article titled: “Trading double top reversal chart patterns “for interested readers to discern.
Todays DJA $33963
King Solomon
Since no one knows the future, who can tell someone else what is to come? (Ecclesiastes 8:7 KJV))
Solomon said, “It is better to choose wisdom than gold, to choose understanding before silver.” (Prov 16:16) Mike’s take — we talked about this already: money without wisdom isn’t going to last long in the hands of a fool. Don’t be that fool. Proverb 2: Build wealth over time (Google)
The prudent see danger and take refuge, but the simple keep going and pay the penalty. (Proverb 22:3)
What’s My Point?
No one knows the future, and history of stock market prices sometimes fleet up or down.
What wisdom needs to be discerned as prudent, or to pay the penalty, is my point?
In My Opinion,
Millions of Americans are invested in 401K plans and have options to decide to switch from stocks or bond holdings.
When I saw the charts, it reminded me of the use that many professional stocks traders stock charting.
In my opinion, the best wisdom advice is to discern that King Solomon would agree with “:Mikes statement that “money without wisdom isn’t going to last long in the hands of a fool.
I am not giving anyone advice on when to buy or sell stocks. My intention is only to pass on this information for interested readers to discern about stock charting, which is no guarantee of the future of stock prices, yet many savvy professional stock traders use daily, some wise and some foolishly?
If Interested
Read the article in the Source Links below.
Regards and goodwill blogging.
Source Links
Chicago Tribune February 20, 2022
Trading Double Top Triple Top Reversal Patterns.
Rudy u Martinka 
There must be a point at which the status quo — where already large corporate profits are maintained or increased while many people are denied even basic shelter/income — can/will end up hurting big business’s own monetary interests. I can imagine that a healthy, strong and large consumer base — and not just very wealthy consumers — are needed.
Or could it be that, generally speaking, the unlimited profit objective/nature is somehow irresistible, including the willingness to simultaneously allow an already squeezed consumer base to continue so — or even squeezed further? (It brings to mind the allegorical fox stung by the instinct-abiding scorpion while ferrying it across the river, leaving both to drown.)
When it comes to unhindered capitalism, I can see corporate CEOs shrugging their shoulders and defensively saying that their job is to protect shareholders’ bottom-line interests. The shareholders meanwhile shrug their shoulders while defensively stating that they just collect the dividends and that the CEOs are the ones to make the moral and/or ethical decisions.
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