Archive for June, 2008
Technically and Officially in a Bear Market.
Technically and Officially in a Bear Market.
Three consecutive down quarters. The worst three quarters since the last stagflation in 1974. The last time the market saw more than two consecutive down quarters was in 1977 when the DOW lost 17.3%. Since October 2007, the market has lost more than 20% as of Friday’s close.
Recession? What [...]
Trade to Trade Well
In an episode of the TV Reality Series, “Fear Factor”, a seemingly dumb-blonde-Barbie-Doll-like babe made it to the last round for a shot at the $50′000 prize. She got there not because she qualified for it. In the first round, a hunk of a guy made a mistake and got the boot and in the [...]
More Range This Month?
Dow Jones  S&P500
Looking at Trends, S/Rs, PHIbs and Candles on weekly and monthly charts, it would seem like we’ll range even more this week. The “summer rally” of June is traditionally the worst rally of all four seasons but great enough for short term traders.
NASDAQ usually has a good June especially during the [...]
