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.