With the 8000 support level succumbing to downward pressure, the bottom targets for all 3 major indicies has to be revised downward. In my article "When Will the S&P 500 and Dow Jones Bear Market Hit Bottom?," I made the predication that the bottom would come around May, 2009. I made that prediction with the belief that [...]
A quick update. Monsato, along with the market, has opened higher today. I'm would wait until the last hour of trading today to open this trade, as it will give a really nice entry point and increased profit.
Today I’m going to do the market forecast abit differently that usual. Normally I’d take a look at a bunch of charts and tell you that from a technical standpoint, nothing really changed after today’s massive drubbing. Sure there is massive weakness on a 4% down day which closes at the market bottom, and key [...]
Trade Detective Market Sentiment –
Article Overview With the litany of technical analysis tools, algorithms, and software available today, it’s no wonder traders have gotten away from the basics. The problem of course is that all of these fancy tools are useless until you’ve analyze the sign most important indicator of them all. Price!
