- 10
- Oct
Free Stock Market Research Report by Jason Ng, the man behind The Star Trading System (one of the best option trading systems)
Thus ends the most terrible week in the stock market that anyone have ever seen with 1 signal to analyze today. In fact, I am very happy that the Star Trading System have kept us out of all these. Due to the lack of practice this week, Everyone will repeat your respective week again next week.
The bulls of yesterday were whipped mercilessly today by the rampaging bears as the Dow continues its short term and primary bear trend, breaking the 9000 point level like it doesn’t exist.
In fact, today’s merciless drop have the Dow touch its 200MA on a monthly time scale for the first time since 1982! Yes, the first time in more than 20 years. Interestingly, no matter how bad a recession or depression was, the Dow always managed to rebound right around its monthly 200MA region, although not immediately in a V shape. However, it does tell us that the worst is PROBABLY over. Again, can I be too sure of that? No, I cannot, simply because this is a crisis none of us have seen in a very long time and way too different from what we have seen before. The only thing to rely on for the short term right now is the fact that the Dow (as well as all the major indices) are in short and primary bear trend, which should continue until something significant changes.
Star Trading System’s Thought For The Day : "Sometimes, its better to have money safe in our pockets."
