Ian Woodward's Investing Blog

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Sequestration Bounce and Slide

The Stock Market is totally “News Driven” and we have another week if not more of this to tolerate.  We got the Bounce Play on Friday which was satisfactory but not startling, so the Slide and Bounce Yo-Yo continues:

Bounce Picture

Having taken you Tip-Toeing Through the Tulips these past several weeks, the Ball Game is simple and can be summarized now in one slide.  We got the Bounce Play so it now continues or we slip-slide away.  So, I won’t prolong the agony:

Bounce Pat

The Bounce Play had better continue early this week or we head back down for a bigger correction.  Good luck for this coming week.

Best Regards,

Ian.

This entry was posted on Sunday, February 24th, 2013 at 1:07 pm and is filed under HGS Principles, Market Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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