Ian Woodward's Investing Blog

Stock Market: See-Saw and a Climax Run Market

I am back from an exhilarating and exhausting three day seminar at Sunny Palos Verdes, and Ron and I thank all of you our supporters for a rollicking good time.  The Newbies now know how to read my blog and the winky-winkies I give from time to time.  The first Picture chart usually spills the beans of what I think:

See-saw Picture

Unlike last Month where the Stock Market reaction to the mediocre Jobs Report was surprisingly good, this month’s report due on Friday should give us a better indication of the health of the economy here in the USA.

See-saw Indexes

Here is the performance of the Canaries which have essentially rolled over from their highs, but are still hanging in there:

See-saw Canaries

The Russell 2000 (RUT) suffered about a 5% loss from its high, but true to form turned up once again.  Before it breaks that trend-line hard is when we should all run for the hills and that should be when 1000 is broken to the downside:

See-saw RUT

We are now at that Critical Juncture I warned about of at least a 12% Correction since the Acc:Dist ratio is below 1.0 (Stalemate) and now we wait to see if there is a gigantic recovery in the Internals of the Market or it gently fades away:

See-saw abcde

Grandma’s Pies says it all…a complete turn around of 6 Buckets up in a matter of four days.  Now What?

See-saw Pies

The Path of Least Resistance is up, so play it that way until you get another Knee-jerk down.  Counting today, we are now into Day 4 of Twelve Drummers Drumming, so keep a beady eye on that count:

See-saw Pat

Here is nice new chart to digest, which shows the critical signals we have had in the past few weeks that tells the story:

See-saw Code Blue

Well, that’s it for today.  Keep your powder dry and your nest egg whole is job 1!  Write a comment to give me feedback.

Best Regards,


Copyright © 2007-2010 Ian Woodward
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.