Better late than never...
With enough accumulated interest venturing a bid since August 9th, bottom fishing, the market is well-poised to complete an initial, a-b-c counter-trend move off Monday's, wave (1) of C bottom (8/22/2011).
Give it a few days and this measure probably will be as overextended (if not more so) as was the case at early-July peak. Beyond the next few days, there's nothing but further weakness ahead.
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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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