Wall Street and Market Hit Bottom on Same Day! ~ The Risk Averse Alert

Wednesday, February 11, 2009

Wall Street and Market Hit Bottom on Same Day!

It is possible bottom to the market's decline since Monday was set today. If so, indexes could be poised to imminently rise to a new high for 2009. The question, then, would be how quickly? With just six trading days remaining until the February options contract goes off the board, I wonder if the best might not come until after expiration.

It's also possible bottom is yet to form. If so, indexes don't have much further to fall before turning up and moving to a new high for 2009.

One thing I will say here with relative certainty. January's low should hold. Any selling still remaining probably will be nothing more than a mild nuisance.

There's just one BIG question right now...

Where's Waldo?

Fast Money
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© The Risk Averse Alert — Advocating a patient, disciplined approach to stock market investing. Overriding objective is limiting financial risk. Minimizing investment capital loss is a priority.

Analysis centers on the stock market's path of least resistance. Long-term, this drives a simple strategy for safely investing a 401(k) for maximum profit. Intermediate-term, investing with stock index tracking-ETFs (both their long and short varieties) is advanced. Short-term, stock index options occasionally offer extraordinary profit opportunities when the stock market is moving along its projected path.

Nothing is set in stone. Nor is the stock market's path of least resistance always known. More often than not, there are no stock index option positions recommended.

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