Iâm sticking to my Feb 22nd call that 12,391 was the top on Feb 18, 2011 and marks the end of the rally.
In early 2007 I warned of an impending stockmarket crash â I confirmed an equity bottom by early April 2009 â During 2009 I warned of an impending USD rally. The uptrend since March 2009 was a bear market rally contained within a much larger downtrend that started in 2000 â According to my indicators the March 2009 lows will not hold.
Too general for me. Even if one goes short now volatility may force to close position. I think this is more of an economic style forecast, it has value but not to traders. This is the type of work I am interested in: http://www.priceactionlab.com/Blog/2011/02/the-state-of-etfs-february-26-2011-the-week-ahead/ While avoiding making specific calls for reasons that are understood, this type of analysis is right to the point. Look how he called the market correction just one trading day before it happened: http://www.priceactionlab.com/Blog/2011/02/is-the-dow-30-overbought/ This is the type of stuff that makes money.
Australian All Ordinaries index weekly chart shows rising wedge with probable double top. A bearish picture. 30 year U.S. Treasury bond futures daily chart bullish signal confirmed. Weekly and monthly charts are neutral.
Iâm sticking to my Feb 22nd call that 12,391 was the DOW top on Feb 18 2011 and marks the end of the rally.
Back to the recurring pattern of US dollar strength as it winds up for itâs very overdue rally. A reminder that key global equity indexes remain very overextended and as a result the overdue correction may be sudden. see my blog for more
Iâm sticking to my call on Feb 22 that DOW topped @ 12,391 on Feb 18 2011 and thus signals the end of the rally.