Archive for the ‘Fibonacci’ Category
Dow 6,000
Sunday, March 1, 2009 11:35 6 CommentsDow Jones in danger of breaking below 6,000 in 2009.
In our forecast for 2009 we mentioned that the Dow Jones could break below 6,000 this year. The probability of our prediction being correct was elevated last Monday as the Dow Jones closed below the 2002 lows. We took note of the bearish close but also [...]
Forecast 2009: There Will Be Blood
Tuesday, February 3, 2009 21:00 42 Comments2009 will be a year of complete destruction for the US economy. 5 Million will lose their jobs. The Dow Jones Industrial average will break below 6,000. Municipalities will fail. Insurers will fail. The unemployed and foreclosed American population will take to the streets and begin rioting. The Greatest Depression is upon us.
Sound far fetched? [...]
Beware of the “Sucker Clause” Rally
Monday, December 8, 2008 16:41 No CommentsSeasonably speaking, December is one of the best months to own stocks. For the past 20 or so years the average monthly return in the month of December has exceeded 3%. Considering how quick and intense this collapse has been, one must anticipate a counter-trend upward correction. Bear markets are notorious for these but you [...]
