Safehaven | Last Week in the Markets: A Look Back to Help Assess What Might Be Ahead

August 22, 2005

Last Week in the Markets: A Look Back to Help Assess What Might Be Ahead
by Douglas R. Gillespie

Foreword

"Last Week in the Markets..." is an examination of the week that was in the financial markets, in an effort to help assess the prospects for the week(s) that will be.

Summary

Stocks drifted lower last week, despite the help the market usually receives from an options expiration. In the process of somewhat lower prices, the market lost more of the momentum that took the bellwether averages to their recent highs, occurring during the first week of August. Is what is beginning to evolve a portent of the serious pullback (or worse) that is very likely on the way, perhaps already in progress?

Continue to Gillespie Research for the balance of the essay: http://www.gillespieresearch.com/cgi-bin/s/article/id=636

Douglas R. Gillespie, Sr.
Gillespie Research Associates
165 Sheridan Avenue
HO-HO-KUS, NJ 07423
201-447-5743

Doug Gillespie oversees his own financial-market and economic consulting firm, Gillespie Research Associates. For a complimentary sample of Dougs material, e-mail him at drgillespiesr@aol.com.