Will We Retest the March Lows?
7/23/2009 9:44:57 PM
This is a question that is not on anyone's radar at this time, that's why it needs to be on yours. Because I believe we will test the lows and we're going to do it soon. Why?
Based on the following chart, we see limited participation in this rally based on the new high list.
What is shows is a flat area where the market bounces, but there's a balance between new highs and new lows. This is indicative of a short term bounce, not a new bull market.
Hold on to your seat, we're testing the March Lows. Next question is when?
Well, if you subscribe to the Daily Stock Barometer, you'll know that our next key reversal date isn't until September 14th. I believe that will be the day.
What would cause me to change my forecast? Well, there are simply too many variations that can take place. But the only way you will find out is if you subscribe to the Daily Stock Barometer.
Not sure? How about this special bonus - I'm about to complete an e-book on day trading for people with day jobs. A report on just how to take advantage of one or two moves in the market to significantly boost your trading returns. Well, if you subscribe now, and simply state when signing up that you want an advance copy of this e-book, it will be yours absolutely free.
So sign up today and with your paid subscription you will get a copy of my day trading e-book absolutely free. We should be shiping it out next week, so be the first to get a copy. Oh yeah, and be the first to be positioned for the upcoming retest.
You can sign up here:
Don't forget to request your free copy of our day trading e-book when you do.
Regards,
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Author: Jay DeVincentis
Jay DeVincentis
www.stockbarometer.com
Investment research Group,
Inc.
Jay DeVincentis is President of Investment research Group, Inc. and founder of www.stockbarometer.com. Jay worked as an executive in the financial services industry for over 21 years and left to form his own company in line with his passion, the financial markets. Jay Graduated from the University of Massachusetts, Amherst, MA with a Mechanical Engineering Degree. Jay has been advising his clients what to buy and when for over 10 years. He is a market timer, a stock trader, a day trader and a stock investor and also conducts online stock trading classes.
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