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Worden Discussion Forum » Members » joeracer

Profile: joeracer
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User Name: joeracer
Groups: Gold User, Member, Platinum User, TeleChart
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Joined: Friday, March 11, 2005
Last Visit: Friday, September 8, 2006 1:25:59 PM
Number of Posts: 1
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Topic: Why is the market headed for a major down turn?
Posted: Wednesday, October 5, 2005 6:04:52 PM
I think on the fundemental side we have interest rates rising, inflation rising, unemployment rising, lower consumer confidence and the greenspan replacement issue weighing the market down. On the technical side we have broken through the August lows with all indicators pointing lower. My guess would be the may low being tested by late October. Either way I would be very careful with long positions until we test the july low and then make a call..