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This Is Where The Stock Market Got Into Trouble Last April ...

Stock-Markets / Stock Markets 2010 Nov 23, 2010 - 10:15 AM GMT

By: Marty_Chenard

Stock-Markets

The next week or two could be an important test for the markets.

Why? Because the same pattern could be developing that preceded the May drop.


Here is the comparison:

The chart below shows the above conditions. Note: the C-RSI is a daily 30-Relative Strength reading minus 50 so that it has a zero-base for ease of reading.

*** Observe the similarities between the end of April, compared to yesterday on the New York Stock Exchange as seen below. There is no guarantee that the pattern will repeat, but the current indicator movements do suggest that keeping a watchful eye on the pattern would be a very good idea.

** Feel free to share this page with others by using the "Send this Page to a Friend" link below.

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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.

Marty Chenard Archive

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