Today was a nasty sell-off in the market; the Dow dropped by over 200 points. When that happens it usually means we are close to the top and headed down from here. Look for more downward moves and/or choppy market action for the next few weeks and months.
Wednesday, June 1, 2011
Analysis of Feb 2011 Sell Signal
This is about the time in my last posting that I gave a sell signal and I was right for the most part. The market did indeed take a nosedive after my posting, but after a sharp selloff it came back over 8-10 weeks to slightly higher prices -- just in time to fall again.
Today was a nasty sell-off in the market; the Dow dropped by over 200 points. When that happens it usually means we are close to the top and headed down from here. Look for more downward moves and/or choppy market action for the next few weeks and months.
Today was a nasty sell-off in the market; the Dow dropped by over 200 points. When that happens it usually means we are close to the top and headed down from here. Look for more downward moves and/or choppy market action for the next few weeks and months.