Best Financial Markets Analysis Article The answer is the New Lows on the New York Stock Exchange. The highest level of new Lows was 912 in 2002. Yesterday, the New Lows reached an unprecedented level of 1836. This is a clear sign of panic selling with NO buyers interested in perceived bargains.

Yesterday's level is an indication of the panic levels in the market which is being shared by both individual and Institutional investors. The implications of the current reading is that panic and fear levels are exceeding those we saw in 2001-2002.

As we commented yesterday: "The market scenario is one of panic and selling. When can a bottom be established? Probably, not until we run out of sellers. At that point there will only be buyers left and we will be able to find a bottom."

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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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