Fake Rally – Losing Steam?

After one of the biggest runs we have seen after a market crash, I think this market needs to let off a little steam. Although many halfwit analysts are screaming DOW 20,000 we dont see this happening soon. Sorry to burst your bubble.

The government have pumped up this market so much full of liquidity, its looks more like a fat kid eating so many cream buns he is ready to explode.

Here are our top 5 reasons that this market rally could lose steam very soon.

1) We have only gone up on fake money that has been flooding the system.
2) The rally we have had has been up on light volume, a sign of weakness previously.
3) Many people are waking up and realizing that the govt keeps lying when they say “recovery”
4) The Chart is telling us that historically this market is very VERY overbought at the moment

The video below gives a more in depth explanation.

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This entry was posted on Wednesday, October 21st, 2009 at 12:39 am and is filed under || GENERAL ||, || VIDEO ||. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “Fake Rally – Losing Steam?”

  1. Harris Anastasi says on October 21st, 2009 at 3:51 pm :

    Please provide me information for the Imafia,how much it cost to buy it.I have started recently the tecnical analysis.Thanks,

    Harris Anastasi

  2. Harris Anastasi says on October 21st, 2009 at 3:52 pm :

    Excellent work

  3. admin says on October 22nd, 2009 at 12:31 am :

    john here,

    thanks for the kind words…things are interesting.

    please email contact@forecastfortomorrow.com scott will look after you.

    Cheers
    .

  4. Jeff says on October 22nd, 2009 at 12:37 am :

    Dude, OMFG….

    you have been nailing these markets.

    Love these charts….many people think Technical analysis doesnt work

    but you are proof it does….insane.

    Thanks for your hard work, never stop posting.

  5. roger Clarke says on October 23rd, 2009 at 2:17 am :

    thanks for these video.

    You are VERY accurate with your stuff.

    I subscribed last week….awesome stuff.

    Cheers

    Roger.

  6. Bob says on October 26th, 2009 at 3:25 pm :

    well, it will be very interesting to see where the market will go from here till year-end at least. my bet is on buying the dips. if there were a sharper correction which is unlikely in my view, investors should be adding more positions especially asian equities. the dollar should give us more clues. thanks for the video.

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