Ian Woodward's Investing Blog

Stock Market: Floodgates Partially Open…No Panic Yet

This is a follow up to the long note I wrote over the weekend that laid out the Strategy, Process, and Targets for a Game Plan should the floodgates really open up to the downside.  The hour is late, so the following is self explanatory:

We have hit the dreaded 90’s on %B less than 0.5 for stocks in the S&P 1500.  The Bounce from here is Essential or else:

It’s no surprise that things are looking glum.  I added more to the next chart to cover the early days of Black Swan:

…And this is the only saving grace so far that PANIC has not set in with full force:

Good Luck.  Best Regards, Ian.

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Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.