Stock Market Bottom? Letís Get a History Lession
Where is the Stock Market Bottom?
I have been charting mortgage rates for quite a while and have seen many patterns and volatility over the years. It is amazing how strong technical patterns are. Most of my clients are at the lowest possible interest rates because my technicial expertise.
I wrote in my October 10, 2008 blog information about the last bottom in the stock market and stocks reversed and increased by over 10%. Please take a few minutes and read the article. www.expertfinancing.com/myblog
Today could be the most important day in the stock market in quite a while. Why because history repeats itself. www.expertfinancing.com/myblog
We have a few critical points on the Dow Jones Index Click Here
7881 Ė Low in 2003
7591 - Low in 2002
7539 - Low in 1998
For technical reasons the DOW MUST CLOSE above the 7539 and develop support. This does not mean if stocks go up that they may not come back to todayís closing date again in the next days, weeks or months. It couild mean we are at bottom on stock prices.
As I am writing this blog the Dow Jones Index is are slightly below the 7539 value.
I am NOT giving you any investment advice. No one can absolutely predict market bottoms or tops and I do not have a crystal ball. I am just letting you know about technicals in the stock market and my observations.
Are you getting nervous in this Turbulent Market Place?
I am offering a FREE Home Owner Protection. www.expertfinancing.com/HomeOwnerProtection
Contact me if you have any questions,
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- Gateway Mortgage Group
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