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 [...]
With the markets tanking, many wise investors are wondering when and where will the bottom be put in so that they can return to investing. Before I give my forecast, let me start by saying that from a technical standpoint, we’ve seen these downard signals, levels and patterns reached before, just never this quickly. S&P [...]
Hi Everyone, As you are undoubtedly aware the markets are in significant turmoil right now, so rather than tell you the market is going down, I’m going to change my market forecast updates to articles on how to make money in this market, protect your 401k and other retirement investments, and I’m even looking for [...]
Short Term Rally Officially Over…Almost Taking a look at the daily chart today paints a pretty bleak picture for the current short term rally. Although the rising triangle support line hasn’t been broken, all other signals are pointing to a downside breakout. Today’s price action formed a bearish englufing pattern on the candlesticks, and the [...]
Current View – The Day In Review Today the DOW is up 48.03 points, closing at 11782.35. As expected, there wasn’t a catalyst to provide a clear direction in the market. Prices whipsawed through a 200 point trading range, and closed 80 points off of the high for the day. Trade volume was extremely light, [...]
