Another volatile day with the Dow Jones appreciating 59 points (0.36%) and the Nasdaq up 4.5 points (0.11%).
The stock market continues to behave just as our mathematical and timing work indicates (exact forecast is available in our subscriber section). Most markets opened up with a gap and rallied early on. Only to sell off and close the gap before reversing higher. I continue to believe that we will see higher prices and a short term bounce over the next few days. As shown yesterday, the Nasdaq continues to be oversold and due for a bounce. Thus far it has been successful in building a short-term base from which it might rally over the next few days.
Yet, any upside here will be short lived. Our mathematical work continues to show that the bear market of 2014-2017 will start in the not too distant future. If you would like to learn 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 28th, 2014. InvestWithAlex.com Google