Posted on Thursday, 30th October 2008 by Steve Warshaw

With the Federal Reserve cutting the discount rate 50 basis points to 1%, it remains to be seen if this will loosen up the credit markets. There remains a great deal of mistrust among banks and borrowers at the present time, and until that changes, we would look for the economy to limp along
The sharp [...]

Tags: bear, forecast, market, rally, s&p 500, trend
Posted in Market Updates, Technical Analysis | Comments (0)

Posted on Monday, 20th October 2008 by Steve Warshaw

S&P 500 Trend:
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend [...]

Tags: forecast, market, sector, stock, stock market, stock sector, Technical Analysis
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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)