Hello Slopers! Brian Johnson here of www.thestockmentor.com with a video on the markets. This video builds a case for both sides and shows the precipice the markets currently hang on. The point of this exercise is to take a step back and examine the bigger picture by examining the three major Indices. With the bearish 'slow bleed' we saw for a couple of days that took the markets convincingly downward is there something we're overlooking from the bull side?
Slope of Hope Blog Posts
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Mid to Long Term Outlook & Shampoo (by Brian Johnson)
Hello again everyone! This is Brian Johnson from www.thestockmentor.com. I
was asked after my last video if I could give my longer term outlook on the
markets. I’ve been following a few things that may be of interest to some of
you so I thought I’d do a quick video. It truly is a ‘slippery slope’ we find
ourselves perched on.
We’re in the middle of a very strong bull run but, as we
all know, what goes up must come down. It’s not healthy for the markets to
continue straight up without some kind of a pullback. The big questions
remains……how far down will we go? Will the bulls stop it short of the bottom or
are we going to plunge to new depths? Watch the video and the potential
formation the DOW is working on. Things that make you go Hmmmmmmmmm…….
Dow Channel and its Pullbacks
Here is my first contribution to Slope. I prefer to use videos in most of my illustrations as I feel it's easier for people to watch a video rather than read a lengthy blog post…..albeit a lot less intellectually stimulating! 😉 If you've not already recognized this channel and its implications I hope it's of interest to you. This channel is the most clean on the DOW but can be seen on the SPX and NDX as well. Thanks Tim for allowing me to throw in my .02!
