Looking at the data from the last two trading days is telling of the fact that we are in a solid Bear. Of course everybody knows this by now. And some will take action and sell all or some of their stocks at the end of this downturn and lose even more as the value rises. This is the way it always happens!
Much better to know when the market is turning! No evidence of that right now except for the Pinch Point Potential. 20 of the Dow stocks are in a position to reach that point, 3 have and 7 are not in the running at all. So, as I see it this "should" mean that the market will bottom out soon. Maybe there will be a big blow-off event where mass capitulation takes place. I can see that happening and it could be this next week with headlines like this today: "World Bank says global economy will shrink in 2009" !!
Maybe or maybe not but something may cause a blow-off and this will cause a shift in momentum and perhaps lead to an intermediate change in the trend. We hope to be on the right side when it does.
A little Art, Music and Market turns! Brought to you by Gilbert Neilson.
The market as I see it.
Why should you listen to me? Because by using certain indicators in a special way I can call market turns. At this time this method is a secret to me. If I revealed it and everyone started using it, then it would no longer work. Now it works and I do this all free of charge. Crazy me!!!
I base my method on the Dow Jones Ind Average. I only use the 30 stocks because it is an easy batch to maintain my indicators by. But it works and there are plenty of opportunities related to the DJIA to play the game. The DJIA generally tracks the market pretty well.
I will be doing this mostly once a week with daily updates when market turns occur. Or I will add a posting if I'm in the mood during the week. At this time I post something almost every day. So do check daily so you don't miss THE critical moment.
The short history of my signal record thus far.
Starting May (08), last signal first:
10-12-09 (approx) Up
8-31-09 Down
7-20-09 Up
6-15-09 Down (Final official signal)
6-02-09 Up
5-05-09 Down
3-17-09 Up
1-13-09 Down
11-16-08 Up
9-17-08 Down
9-8-08 Up
9-4-08 Down
7-29-08 Up
5-5-08 Down
Notice I don't say "Buy" or "Sell". I just give the direction the market (DJIA) is likely to take.
Speaking of short, the signals given are of intermediate duration. As you can see these signals are very good. Not perfect as in exact tops and bottoms and indeed, one false Up signal on 9-8-08 but it would have preserved most of your money and would have done quite well on the declines if on the short side. Easy these days.
Disclaimer:
I make no claims as to the accuracy or viability of the information contained herein. This blog is presented for reference information only and not intended as advice to buy or sell any securities or funds or any financial sorts of things at all, of any kind.
More detailed disclaimer information below
About Me
- Gilbert Neilson
- High finance, Art and Music! Who could ask for more? My art can be seen at: ArtRage My Music is at: Icompositions
Followers
More detailed Disclaimer information.
Information or opinions are presented solely for informative purposes, and are not intended nor should they be construed as investment advice, please consult your financial professional.
Investment information presented on this blog/web site contain "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "projects", "foresee", “expects’”, “will,” “anticipates,” “estimates,” “believes,” "understands" or that by statements indicating certain actions “may,” “could,” or “might” occur. There is no guarantee past performance will be indicative of future results. Always remember that Gilbert Neilson or Neal Gilbertson or Jibes is not a stock analysts. Investing in securities such as the ones which might be mentioned here, or in e-mails are for high risk tolerant individuals only and not the general public. Whether you are an experienced investor or not, you should always consult with a broker before purchasing or selling any securities mentioned in e-mails, postings, updates, private messages etc. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. The author may or may not have positions in financial instruments discussed and may buy, hold or sell securities. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future results.
Please! Use caution with any investments you make. It is possible to lose money by following my information and/or using any other investment plan!
Information or opinions are presented solely for informative purposes, and are not intended nor should they be construed as investment advice, please consult your financial professional.
Investment information presented on this blog/web site contain "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "projects", "foresee", “expects’”, “will,” “anticipates,” “estimates,” “believes,” "understands" or that by statements indicating certain actions “may,” “could,” or “might” occur. There is no guarantee past performance will be indicative of future results. Always remember that Gilbert Neilson or Neal Gilbertson or Jibes is not a stock analysts. Investing in securities such as the ones which might be mentioned here, or in e-mails are for high risk tolerant individuals only and not the general public. Whether you are an experienced investor or not, you should always consult with a broker before purchasing or selling any securities mentioned in e-mails, postings, updates, private messages etc. The author expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader. The author may or may not have positions in financial instruments discussed and may buy, hold or sell securities. Future results can be dramatically different from the opinions expressed herein. Past performance does not guarantee future results.
Please! Use caution with any investments you make. It is possible to lose money by following my information and/or using any other investment plan!
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