ShepWave Updates for Thursday Published.
by ShepWave.com
Posted: 11/19/2009 01:41 EST
Lately Leavitt Brothers as well as many other stock information sites have been showing reasons to be bearish. Here is a link to something Leavitt sent Wednesday
Why The Stock Market Should Crash
If anyone hasn't realized that the rally from the March lows is a bear market rally, then that would be the case that needs to be proven. As stated in ShepWave Updates this rally should end soon and when it does the U.S. Equity Indexes could hit new multi decade lows. However, with that being said, this rally could keep going further. The key is to watch the short to mid term technicals. The long term technicals for the indexes have given unpredecented bearish implications.
The markets have had three gap ups recently in this most recent leg of the rally. The charts in tonight's update give some things to watch for in the coming days.
Log In at www.shepwave.com for Thursday's ShepWave Updates.
Click here to read the ShepWave Update from August 21, 2008 when the Dow was at the 11,400 area.
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America's soul is lost, collapse inevitable
The link above is an interesting article. The fact is that we have a current administration that openly admits to believe (and has incorporated) the theories proposed by John Maynard Keynes are a viable way to help the economy.
May we all be reminded of Keynes' own words:
When asked about the long-term effects of his theory his answer was, “In the long term we are all dead.”
Stock Market Technical Analysis. Elliott Wave Theory
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Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA. |
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