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.

https://www.thebalance.com/trading-double-top-triple-top-reversal-chart-patterns-1031469#:~:text=Double%20and%20Triple%20Tops%20are%20technical%20analysis%20chart,futures%20and%20stock%20markets%2C%20across%20all%20time%20frames.to