Today I was doing some technical analysis on Google. Google is at a major technical inflection point, and which ever direction traders decide to take it will have a serious impact on the stock. Google is trading at it’s previous resistance zone set in May, 2008, at the 600 price level. From a technical stand [...]
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.
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 [...]
Commentary If you’ve been reading my market updates, then it should be no suprise that I’m bearish on this market.That said, I believe tomorrows market action represents a critical cross roads for the market. With the VIX (volatility) reaching levels not seen in 20 years, market and economic sentiment in the tank, and this “bailout” [...]
As promised, here’s my forecast for the markets. Not too surprisingly, the forecast is down. Click on the Chart to enlarge Then: Click Any Chart To Enlarge
