I’ve been seeing a lot of posts lately about MCD dropping pretty hard. Checked the chart and noticed it fell below its 50MA.
What’s interesting is that over the last 50 years, MCD dropping below the 50MA like this only happened twice: in 1973 and 2000.
If you look at what was happening back then vs today, we basically have a combo of all those macro events happening at once right now (inflation, high rates, geopolitics, tech concentration).
Is this just a random coincidence or a real warning sign for investors? What do you think?
https://i.redd.it/7x1vwt6bzuvh1.png
Posted by Anoncry66
2 Comments
Im no good at this, but we buy after it drops and sell when it returns to normal. Thats my guess
You aren’t going to chart all the other absolutely fucking horrible things that have happened sinxe the dotcom crash relative to MCD?
You’re making the chart fit a narrative.