Monday, October 06, 2008

Zignals: S&P Moving Average Behavior revisited

My latest Zignals post is up. The summary of the analysis was as follows:

  • We are likely a couple of weeks from a bottom, but it is not impossible for this to take longer
  • During this period the market will see sharp losses, perhaps trimming 10-20% off where the markets lie now (Monday will be the start)
  • The subsequent rally will be short lived and will morph into a retest of the low
  • The retest will be the time to buy heavy
  • A significant bull market has a good chance of emerging from the quagmire - remember markets lead economic news.



    Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website
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