Is the DOW in Trouble?
Another interesting day in the stock markets. Strong volume on the downturns and light volume on the rises. Despite a heroic effort by the bulls today, the market was heavily sold into the close. In that light, here is a video along with a few words from an analyst I respect, Adam Hewison.
For some time now we’ve been very concerned that all the major indexes are in “thin air” and have exceeded some key Fibonacci retracement levels. This new short video explores that and looks at a key Japanese candlestick formation that could really make a difference and be the first clue in the demise of the Dow.
I’ll also show and share with you a specific number to look for in February. Should this level be broken, then it will signal a major reversal to the downside for the Dow.
As always our videos are free to watch and there is no need to register.
http://www.ino.com/info/508/CD3784/&dp=0&l=0&campaignid=3
It’s good to be back and it’s going to be a great year. I’m looking forward to working with you all.
Enjoy the video and let us know what you think on our blog.
All the best,
Adam Hewison
I am sure you will find the video insightful as many people are now wondering what is going to happen with the markets. The pot has been stirred so to speak lately, and the question becomes “What next?” Adam has an insightful video which helps lay it out for you.
Cory Mitchell, CMT
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