Posted on Friday, 21st November 2008 by Steve Warshaw

With the 8000 support level succumbing to downward pressure, the bottom targets for all 3 major indicies has to be revised downward. In my article "When Will the S&P 500 and Dow Jones Bear Market Hit Bottom?," I made the predication that the bottom would come around May, 2009. I made that prediction with the belief that [...]

Tags: analysis, beark, bottom, djia, dow, dow jones, techincal anlaysis, trend, video
Posted in Market Updates, Technical Analysis | Comments (0)

Posted on Friday, 10th October 2008 by Steve Warshaw

There is now absolutely no question that crude prices are controlled by speculation. Crude oil futures have plummeted in direct correlation with the overall markets this week. Clearly demand for oil and gasoline haven’t dropped by 50% over the past 3 months, but the price of crude has.
This brings me back to my point that [...]

Tags: crude, dow, futures, sepculator
Posted in Uncategorized | Comments (0)

Posted on Thursday, 9th October 2008 by Steve Warshaw

With the markets tanking, many wise investors are wondering when and where will the bottom be put in so that they can return to investing.
Before I give my forecast, let me start by saying that from a technical standpoint, we’ve seen these downard signals, levels and patterns reached before, just never this quickly.
S&P 500 Bottom [...]

Tags: bear, bottom, dow, dow jones, forecast, market, s&p, s&p 500
Posted in Market Updates | Comments (4)