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March 5, 2008
Wednesday:
Expect the market to begin the day with a bias
to increase as it opens on Wednesday and, so
long as initial support remains intact, expect
aggressive increases to follow. Wednesday
could be an extremely bullish trading session.
This depends on the market's ability or
inability to remain above the initial support
levels, and if that happens the market as a lot
of upside potential. Our market analysis
pages pro vide
complete detail; please review them closely.
The market offers bullish trading signals on
three separate levels. First, the near
term charts tell us that down channel resistance
lines have broken higher and that aggressive
increases to neutral near term resistance levels
are likely to follow. Further, the late
day reversal on Tuesday has left the market
above midterm neutral support levels as they
were identified for Tuesday's trading session.
This too is bullish, and it tells us to respect
the closing level of the Market accordingly; if
the market remains of above these pre-defined
support levels aggressive increases are likely
to follow on this front as well. Finally,
the longer term charts are telling us that
longer-term down channel support levels have
been tested (a few weeks ago) and the market is
in the process of oscillating higher. The
combined analysis that we have prepared in our
market analysis pages is bullish. If
initial support levels holds brace for an
aggressive upward move on Wednesday. We
have provided detailed, correlated analysis and
trading plans in our market analysis pages and
you should review them now so that you can
prepare for Wednesday's trading session in
advance.
Long Term Market Analysis:
The Investment Rate is the most accurate leading
longer-term economic and stock market indicator
available; it told us in advance that 2007 would be a major
transition year and that the market would be ending an
uptrend that began in 1981. Further, according to
the Investment Rate, the Market has already began a
downtrend that will eventually be comparable to the
Great Depression and the stagflation period of the
1970s. Anyone interested in more information about
the Investment Rate should visit
http://www.stocktradersdaily.com/Main/services/investment%20rate.html
Strategic Plan for 2008:
With the findings of the Investment Rate in tow, Stock
Traders Daily developed a strategic trading strategy
in August of 2007. The goal of that strategy is to
offer an alternative to longer term, buy and hold
investments. Since August the
strategic plan has annualized about 100%. The
objective of the plan is to offer buy signals and short
signals when reversal triggers occur. On February
11, Stock Traders Daily identified another reversal
trigger, and the next leg of the strategic plan for 2008
began. The strategic plan helps to keep you ahead of the
curve at all times, it helps you go with the flow of the market, and
it helps you maximize your returns. If you would
like to review it you can visit
www.stocktradersdaily.com.
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Good Trading
Stock Traders Daily
http://www.stocktradersdaily.com
1.866.213.2067
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