Monthly Archives: November 2008

thursday update

SHORT TERM: SPX breaks through 2002 lows, DOW -445 Overnight the Asian markets were all substantially lower. Europe opened lower and closed -3.15%. US index futures were flat to higher overnight, and at 8:30 the weekly Jobless claims were reported at … Continue reading

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wednesday update

SHORT TERM: downtrend makes slightly lower lows, DOW -427 Overnight the Asian markets ignored the rally in the US yesterday and were mostly lower. Europe opened lower and closed -4.85%. US index futures were lower overnight, and at 8:30 the … Continue reading

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tuesday update

SHORT TERM: another volatile day, DOW +151 Overnight the Asian markets were all lower. Europe opened lower but closed +1.15%. US index futures were relatively quiet overnight, and at 8:30 the monthly PPI was reported at -2.8% v. -0.4%, but … Continue reading

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monday update

SHORT TERM: market closes near the lows for the day, DOW -224 Overnight the Asian markets were mixed. Europe opened lower and closed -2.8%. US index futures moved around quite a bit overnight, and at 8:30 the Empire State index … Continue reading

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OEW tutoring

All markets are driven by long term investor psychology cycles. This is what creates bull and bear markets. When investor psychology cycle turns positive, a bull market commences for several years. When it turns negative, a bear market also lasting … Continue reading

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weekend update

REVIEW The 160 SPX point rally of a week ago started to fail on monday, and then completely fell apart. On thursday the downtrend made new bear market lows. The economic picture wasn’t any better as weekly jobless claims moved over … Continue reading

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friday update

SHORT TERM: another morning selloff and afternoon recovery but …, DOW -378 Overnight the Asian markets were mostly higher. Europe open higher and closed +1.40%. US index futures were lower overnight, and at 8:30 FED chairman Bernanke’s european speech was released: … Continue reading

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