The majority will be bagholders of the next trend transition because late entry and, more importantly, incredibly bad timing (not knowing when to sell). Knowing when to sell is a function of time and concentration (see Dividend Yield Cycles). Long-term investors that lack this understanding will lose because phase transitions - rallies to extreme concentrations are generally followed by crashes and long periods of underperformance.
A long-term chart that forecasts duration based on historical averages of previous up and down impulses, a simplistic view of time, should be ignored as useless information.
Chart: Entertainment Only (Do Not Use for timing)
Headline: This chart says the bull market has years left to go
The Dow Jones Industrial Average finally punched through the psychologically important 20,000 mark on Wednesday, launching a thousand tweets, including one from President Donald Trump.
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.