I commence with my gratitude to The Creator
The Markets have turned bearish and I'm buying some puts now
Showing posts with label Market Outlook 3-7-11. Show all posts
Showing posts with label Market Outlook 3-7-11. Show all posts
Monday, March 7, 2011
Financial Market Outook
I commence with my gratitude to The Creator
On March 4th, I said that market trend shall higher as long as it does not break the Wednesday's low.
Today, is the anniversary of March 06, 2009 low, therefore, the cycle which was pointing higher last week, got inverted and converged with the previous time cycle and we have today's downdraft. As stated in the previous post, Market must not break below Wednesday's low, otherwise, the trend is changed.
On March 4th, I said that market trend shall higher as long as it does not break the Wednesday's low.
Today, is the anniversary of March 06, 2009 low, therefore, the cycle which was pointing higher last week, got inverted and converged with the previous time cycle and we have today's downdraft. As stated in the previous post, Market must not break below Wednesday's low, otherwise, the trend is changed.
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