Ever a Disaster Just Waiting to Happen ~ The Risk Averse Alert

Monday, August 23, 2010

Ever a Disaster Just Waiting to Happen

Judging by today's trading it will take approximately another year to finally reach the objective put forward last week...

OEX 5-min

The "you are here" marker hasn't moved...

OEX 5-min

This is not to say a "like from like" second wave is a virtual certainty, as technical weakness by some measures only grew today.


Suddenly, the market's technical condition bears similarity to late-April. However the present state of things appears notably weaker. Of course, this is rather fitting considering what's in store.

Nevertheless, a bounce still seems in order here.

Fast Money
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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.

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