The tax cut money was in the tens of billions for large companies. A large portion of the money is going into buybacks and manipulation and won't run
its course for sometime. The markets will move sideways for a short time then start climbing again.
Double tops, triple bottoms, pennants, flags, etc., it’s been a minute since I last heard any chart pattern/technical analysis (I’m a big believer
in the prognostication abilities of the yield curve) discussed on ATS. A lot of trading psychology will be in flux going forward; charts and pattern
analysis will be invaluable to those who are active investors and have discipline — as mentioned earlier, you could buy into the dip and make a
lick, or more likely, you’ll be catching a falling knife.
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