Online Trading Bear Bottoms?

Online Stock Trading - Did the Stock Markets Bottom in March?

Stock Market News

According to Market Oracle the long-tem trend of the S&P500 is still down and they expect the bear market to continue until 2012 - 2014 ! This will represent the low of a very long 120 year cycle and clearly if this is true then there will see much lower prices, in fact they say 350 - 400 on the S&P500. But between now and then there will be rallies !

However they also say that an important low was put in in the stock markets on March 6 after which there was a 20% rally. Their index chart analysis is really quite complex so you ought to check it all out for yourself - http://www.marketoracle.co.uk/Article9879.html

Elliott Wave analysis is divided on whether 667 was the end of intermediate wave (3) or (5). This, according to my mate Oscar Carboni, is the principal reason he doesn't use Elliott Waves, you never know where to start your waves from.

The fact however that the markets continued the recent upward trend despite the bad jobs news on Friday shows that this rally has some strength.

Manoj Ladwah on CNBC has just been saying that we could see a 6% pull-back in the FTSE which would bring it back to around 3800 after which he expects the rally to pick up steam again.

So, all in all, most people seem to be saying that 667 on the S&P500 was a short-term bottom at least and that we should be seeing a good rally from here. Today of course the stock markets are down a bit, but that seems only logical given the strong rally we have seen over the last 4 weeks. The best March since 1933 apparently.

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