bear market
Next Entries »Stock Market Sideways Movements
Saturday, February 14th, 2009Lately the XAO has been climbing up on the daily chart, which could lead some to believe the market may be turning. The weekly but shows us a different picture. The last 4 weeks have been a sideways movement. Now it is clearly at the top of a down channel. The higher probability go would [...]
Stock Market to Continue Downtrend
Saturday, February 7th, 2009The XAO is now showing clear signs of sellers in control after a push higher late last year and the beginning of this year. Last week produced a Lower Trough (LT) and this week saw the first Lower Peak (LP) telling us the sellers have taken over control from the buyers. This has also now [...]
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