In this short video, we share with you the downside targets that we have independently arrived at for this index. This video is short and to the point, but you will see exactly what we're looking at. The chart pattern and downside counts are similar for all of the equity markets and I believe that this Friday we will see exactly what's going to happen.
As always our videos are free to watch and there is no need to register. All we ask is that you make a comment and let us know your views on this market.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
Dear Adam,
Thanks for another great video. One question that I had looking at the chart; do you think the Fibo level that you showed is also reinforced being so close to the July `09 low or does it actually act as a magnet, pulling the s&p lower? Or does it have any effect at all?
Thanks again for all the good advice.
Eric,
Not sure how to answer this one. I would just want to let the market decide what it wants to do.
All the best,
Adam
Thank you Adam.
The talking heads drive me up a wall.
You get it done in less than 4-minutes,
and help me keep my eye on the Prize (profits).
I've had to give my stops some more room on my shorts
as those day-traders, market-makers & big-boys
love to take out the obvious short level before they sell off.
But I'm getting wise to their ways, as they try to spin
everything to give us the notion that this is just another
correction / buying opportunity.
I appreciate your frequent updates during this turbulent market.
I appreciate your kind words.
Adam