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Tuesday, February 3, 2009

As January Goes, So Goes the Year!

As January Goes, So Goes the Year!

According to Stock Trader's Almanac, as January goes, so goes the rest of the year!

S&P 500 fell 8.57% in January 2009. So there goes the rest of the year – it will likely be another bear market! This January Barometer is accurate 91% of the time.

Another expert prefers to use the December Low Indicator. According to the December Low Indicator, should the Dow close below its December low anytime in the first quarter, it is frequently an excellent warning sign. Watch Out!

Maybe it is better to wait for it to violate its November Low, the last low in 2008. Let's see.

Well, regardless of the above, my Crystal Ball already provided the Stock Market Forecast for 2009. The above only goes to support my Crystal Ball – its going to be another Bear Year! After this bear market rally, its going to be down down down!

Be prepared!

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