Good Forecast from IBD Ads !!!

5/4/09

I guess anyone have seen this internet ads or TV ads showing off how IBD had forecast the bloody selloff last year. However, if anyone of you has kept followed up with my blog, all of you can remember how I post my point of view on 9/3/08-9/5/08. Here I repost it:

Very bearish ahead

9/3/08

Yesterday the major indexes were withdraw all the gain they had which already told us it was going to be very bearish. Normally, the recent pattern is up after 3 down days in a row. But if we really are looking detail in daily chart of Dow & S&P. We could find out each downtrend started by a determined downward day like yesterday. This Friday we will have non-farm payroll data which would be again ignited another sell off?! I am here to say our intermediate tops are reached as yesterday highs. Be careful, folks, another leg down may be on the way soon. Good luck!

Major move is coming

9/4/08

I guess people could see what is going on next here!? Watch out the S&P 1260 mark. I remain bearish on coming days. Market need to retest the lows of July or this year.

Dow on the way to 10,000

9/5/08

This daily chart of Dow tells me that market is indeed going to retest july lows. Moreover, the pattern may indicate it is more likely going to trade lower. Double top appeared after each intermediate uptrend tops. See once the uptrend line support broken, it followed one distribution day. In order for sure if it has legs down to lower, I need to see at least one more distribution day. Now, it is morning hours of 9/5/08. I will try to analysis more this weekend. BEAR RULES period.





See!! Awesome!!. Anyway, it is just a review. I do recommend people order IBD if they are new to stock market. Wall Street Journal is more likely Journal kinda of Newspaper.