An up day for the markets with the Dow Jones up 91 points (0.56%) and the Nasdaq up 8 points (0.19%).
The market continues to move exactly as per our mathematical and timing forecast (available in subscriber section). In fact, thus far, the setup has been ideal. As I have suggested yesterday the Nasdaq and the Biotech sectors were oversold and due for a bounce. We saw some of that today. I would anticipate that both of the aforementioned sectors will continue their bounce over the next few days.
Yet, it’s not all peaches. Despite what most other market practitioners believe, the bear market of 2014-2017 is just around the corner. When it starts it will quickly retrace the move from February 5th low and keep going lower. Much lower. If you would be interested in learning exactly when the bear market will start (to the day) and it’s internal composition, please Click Here
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Stock Market Update. March 25th, 2014. InvestWithAlex.com Google