9/25/2014 – A big down day with the Dow Jones down 264 points (-1.54%) and the Nasdaq down 88 points (-1.94%).
It took the market just 30 minutes to retrace the big gains from yesterday. In the process, all markets opened up a big up gap in the morning. A gap that the market will have to close at some point in the future.
On top that, today’s market action did a lot of damage to the overall market and its structure. And while only Russell 2000 is now in a clear technical downtrend, today’s action brings out a number of important questions that both bulls and bears should consider.
Primary, is this the start of something more or this your typical 2-5% correction that should be over fairly soon?
Unfortunately, it is an impossible question to answer if you are relying solely on fundamental analysis and a next to impossible question to answer (at this stage) if you are to add technical analysis into the mix. With more divergences in most markets than hookers in Amsterdam, the market is essentially free to either stage a massive bounce here or to go through an outright collapse.
A better analytical tool is a must. As such, I suggest you check out my timing and mathematical work as soon as possible if you would like to know what happens next. To start, please CLICK HERE
(***Please Note: Due to my obligations to my Subscribers I am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, please Click Here). Daily Stock Market Update. September 25th, 2014 InvestWithAlex.com
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