Our last
report suggested that lethargy had crept into investors minds as there was an
assumption that the markets would rise indefinitely. It was suggested that such
a mindset inevitable precedes a fall and so it proved to be. The question
remains whether the fall was a correction or the initial stage of a bear
market. Markets are at important decision levels with general trends turning
down.
This is a time to be prudent and liquidate all holdings where
doubt exists especially when caused by falling prices which trigger sell
signals. Never ignore stop losses especially when markets are in balance as at
present.
To illustrate there are 21 world stock markets with up trends
and 24 markets with downtrends. Our always reliable informed buyers index is
not providing any sell signal so we are tending to favor that the fall has been
nothing more than a correction However this view is up for reassessment daily.
It is our intention to maintain our record of informing subscribers of
any pending problem. Thus ensuring that none suffer from the pain of bear
markets but benefit handsomely from them.
Will these
support levels hold or break down as they did in Japan?
The UK,
US & Europe have recently found support at our pre-applied levels. The
question is whether they will be a Bear break as in the Japan or whether a
rally ensues albeit short term.
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