Stock Market In A Dangerous Place To Be?
Stock-Markets / Stock Markets 2010 May 03, 2010 - 10:19 AM GMTBy: Marty_Chenard
Today's chart is seen everyday by our paid subscribers (It is found in Section 4, Chart #3.)
A key aspect for this chart is whether or not it is above or below its support lines.
When this indicator is above the support line, the market is pretty resilient relative to more upside movements.
However, when the support line is broken to the downside, the market experiences a pull back or correction.
So, where is this indicator now?
It is slightly above a support line and testing it. This is a dangerous place to be, because if it falls below the support line, the market will eat the profits of those who are still long.
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By Marty Chenard
http://www.stocktiming.com/
Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information
Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.
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