Charting Stocks

Dow 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 [...]

The Dow Jones Industrial Average and the S&P 500 both closed below their 2002 lows.
ChartingStocks.net wrote in our 2009 forecast, contrary to Wall St consensus,  that we expect the Dow Jones to breach the 6,000 level this year and touch upon 5,800. The risk to our outlook would have come if the Dow Jones was [...]

Seasonably 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 [...]