Chest Thumping Time

Time to look back and reflect a little

Time to look back and reflect a little (well, maybe not this far back!)

Hello all.

Seems like a good day to look back and reflect a little.

I also thought it was time to do a little chest thumping; bragging about our recent market calls.

I mean, if I don’t call attention to them, who will?

Seriously though, it’s always useful to see what trends we’ve called a while back. It’s even more interesting when they are seriously becoming noticeable to the public as these are.

Like a few weeks back when we warned of a seriously and fast weakening NASDAQ and also about the shift in the EURO within the Forex to a serious downtrend as well.

Here’s what I’m talking about briefly and visually:

The Euro Trend continues down

The Euro Trend continues down

The EURO trend has accelerated it’s downtrend just as we warned of  last year.

The chart to the left shows the drop in value relative to the US DOLLAR in just the last two months alone.

Our call for the EURO was correct then, now and the trend is continuing.

We even jumped all competition (although, I have to admit that we really don’t have any with the W.D. Gann techniques and others we use here) by extending our trend forecast to the Asian Markets as well.

We were the only ones to call the Asian Stock Markets to decline

We were the only ones to call the Asian Stock Markets to decline

Way back on December 21st when we were the first to say that a crumbling in the Asian Stock Markets (particularly the Chinese markets) was beginning to show itself, we were all alone in that call I can tell you!

At that time, the only news in the media was about’ China the Strong’, the ‘Invincible’, “the economy that would save us all from ourselves”, etc..).

Meanwhile, we were warning about what was beginning to show in the market pricing and forewarned our readers and members to pay close attention to the implications of what was happening.

We use our technical methods to peer deep into the market itself and let it tell us what’s really going on instead of trying to discern that from the headlines.

And then there is the NASDAQ (and other)  Stock Market Indexes:

We warned of weakening in this market and, it continues . . .

We warned of weakening in this market and, it continues . . .

This one has fallen sharply as have the DJIA and S&P 500.

While most cannot discern the real trend at work here and are trusting their television news reports or newspapers to tell them if there is any danger . . .

Here’s the real news flash:

They won’t tell you. They never have. They never do. They never can. They never will.

It’s pure economics.

They’re just reporters working for newspapers that are owned by corporations traded on the very exchanges they’re reporting on.

How do you think that works?

Their employers (even if they did know, which I doubt sometimes), would never allow news stories to be published or broadcast that would panic the markets and push their shares of stocks and options to downward.

They’d lose millions, even Billions of dollars for their fellow board members, themselves and the shareholder’s of their corporation who would promptly fire them without mercy or benefits.

And, so it goes.  Well, that review not only felt good, it also brought us up to date on those markets again.

I’ll continue to monitor them and others while looking for the next markets of interest to track.

Have a great week. - George




Disclaimer: The content on this site and article is provided as general information only and should not be taken as investment advice. All site content shall not be construed as a recommendation to buy or sell any security or financial product, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of firms affiliated with the author(s). The author(s) may or may not have a position in any security referenced herein. Any action that you take as a result of information or analysis on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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