Monday, November 24, 2008

TODAY'S UPGRADES & DOWNGRADES


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Sunday, November 23, 2008

READER'S REQUEST: DJIA

I was asked if we may be trading in a range for the next 10-30 years just like the market did from the 1960's-1980's (green box). I find that scenario highly unlikely. We can see a break in a key support line dating back to the end of the 1929 Crash in 1933. Of course, that support was broken in the 1970's, but they didn't create hundreds of financial weapons of mass destruction. No one knows where the official bear-ending bottom is, but prepare yourself. Just take a minute to look at the severity of the drop (in qtr bars). Only the last leg of the 1929 Crash exceeds our present quarterly decline.

(click to enlarge)
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CITI AD SPEAKS THE TRUTH

Don't you love it how all these troubled companies are still pumping ads about "trust" and "confidence" and other bs?



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WSS ARTICLES #6 & #7 ARE NOW UP!

Just added:

6. Understanding Market Cycles: The Art of Market Timing

7. Candlestick Charting I: Basic Patterns

There will be between 25-30 articles total (I haven't decided yet). Enjoy your free education.


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