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Janet in Trading psychology,

This is the make-or-break level for stock-market bulls

KISS is the well-known acronym for “Keep it simple, stupid.” According to this principle, systems work best when unnecessary complexity is avoided.

Kelly Johnson, the engineer credited with coining KISS, didn’t imply that anyone adhering to the principle is stupid. The opposite is true. It requires a lot of intelligence to design a product (or program) that can be run or maintained without requiring a high level of sophistication.

Here is a simple (in the spirit of KISS) way to figure out whether now is the time to buy, hold, or sell the stock market — in other words, is the market about to reach a major top.

This chart of Dow Jones Industrial Average DJIA, +0.45  shows three active trend lines (red). The oldest trend line goes back 19 years and has several touch points.