Handy Man Source

Absolute certainty, expressed out loud, sometimes it can lead to total embarrassment. "Big Brown" trainer was totally confident that his horse was something "safe" to win the Belmont Stakes and thus the Triple Crown. Was also very forthcoming in his assessment transmission. However, it was not so. His jockey said later, after losing the race and coming in last, that his horse had just "run out of gas" while rounding the final round. There are still some stock market watchers who hold the view that the current slowdown in prices is just a normal correction in a bull market below, and that prices will certainly turn to the upside. However, their voices are becoming quieter as time goes on. Increasingly, the data indicate the likelihood that we are not in a "correction" at all, rather, that the bear market is back. Going back in time, the candles of stock indices in October 2007 showed a clear "Evening Star", the formation of the weekly chart, which was a worrying signal bearish. Its accuracy was demonstrated during the coming weeks, as prices fell. However, the forecast had not yet given the full fruition, began operation in early 2008, when prices of the Dow Industrials fell to the field 11600. A demonstration followed the bull, which has led prices to almost 13,200 in a "double top formation this spring. This model is also a warning of a possible change in the trend of prices and, in fact, the Dow Jones has fallen to about 12,400 before a burst of energy last a few weeks ago, in response to perceived good news for the economy . During all this time, the market was losing strength and has never come close to challenging the highs of last October. All extremis enthusiasm was subsequently dashed by a report of the worst unemployment and, in particular, by a huge peak in the price of crude oil. The bad news continued to be worse, at the end of May and June. The New York Times carried a story on June 8, reflecting the fact that while the producers (to some extent) held on increases in prices of their finished products so far, are at the point where it can no longer absorb the mass increases in the prices of petroleum products which, in turn, are used as raw materials for the manufacture of products they sell to consumers. Even Goodyear, whose tires were largely based synthetic rubber for decades, now with more natural rubber in the finished product, but Goodyear is now at a crossroads, according to the cost of natural rubber is also rising. It 'hard to understand how the U.S. economy can sustain such a long substantial rise in the price of crude oil and its derivatives products. Truckers can no longer afford to fill their tanks with diesel fuel. Now, we note that the increases in fuel prices in Europe have led to protests there too. The airlines, of course, are a story all their own. The stock market has been in a steep Downslide since 19 May. A reaction is due, but it seems unlikely that prices will challenge the heights of that date. We do not see Japanese candle in every major index in any period of time, announcing an imminent turnaround important. Surprising the Street, Lehman Brothers announced a large quarterly loss and two of his top financial officers were shown the door today, just weeks after one of them had been the subject of a glowing story in the financial press. (This highlights the danger well known to be involved in one of the photograph appears on the cover of a magazine of general circulation, or be the subject of an article of praise, but this is a story of their own. A story creates another. ..). The outlook for corporate profits, and the stock market is not good. I would not be surprised to see the minimum in March, so the minimum in January, fall by the wayside within the next few weeks, and there is little in terms of support for share prices thereafter until the level of the Dow 10,700 Jones - which is about where it was two years ago. The market has "run out of gas."

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The author is an experienced investor, a retired attorney and corporate CEO and the creator of "Candelaabra" technical analysis system for use in financial markets, and has passed the NASD Series 65 Investment Adviser exam. Public investment recommendations three times a week to drive profit in financial markets, regardless of the direction of the trend in prices. To learn more about making money in any climate finance. Free information and sample up-to-date recommendations are ready and waiting, no cost or obligation, right here ===> http://www. candlewave. com