ShepWave ... The Dow Turns RED.
by ShepWave.com
Posted: 3/13/2006 13:50 EST

I just wanted to write this blog to tell a bit of a story.

I have some very good friends who are in the process of retiring.  They are still  young. Not even 60 yet.  They have been searching for the proper Investment Advisor to handle their affairs.  They ran across one guy that guaranteed them a  great return.   Once they researched the company and gentleman in charge they found that he had filed bankruptcy 'several' times and had taken his clients' monies  in the process.   My friends have now found a reputable person to assist them with thier assets.

I share this story just as a cautious reminder to what is 'out there'.   If you are in a similar situation remember;   the U.S. and possibly world economies, are most likely going to see another recession in the next few years.  The Dow Indu and S&P could see a 30-40% LOSS.  The nasdaq indexes could see a 50% loss. 

The markets have been topping for a while now.  The Dow Industrials Index has come within 100 points of the ShepWave Fibonacci Extension target of 11,276.  This area 'may not' get hit.  So.  Are you positioned to take advantage of a possible 100 points to the upside in the Dow or to profit from the potential 2,000-4,000 point down turn?

Many sites similar to ShepWave.com maintain continuous BULLISH sentiment to lure customers.  It is true, I could increase my customer base several times over if I were to tell everyone that we are in a Secular Bull Market.  The truth of the Matter is that we are in a Secular Bear Market.  I give upside targets for potential bounce areas but I also give Down Side targets that when hit will confirm the trend.   Integrity and honesty will always pay off in my opinion.

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