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
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Posted on Monday, 10th November 2008 by Steve Warshaw

Confusion… The State Of The Stock Market

1 week up, 1 week down. That has been the trend since the beginning of October. A look at the weekly chart for the S&P 500 is enough to make anyone’s head spin. Last weeks high hit the 38.2% retracement level from the mid-August high’s and immediately turned around.
Both [...]

Tags: forecast, rally, s&p 500, trend
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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
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