US Indices: One Year Since Nick Called the Bottom
Tomorrow (16th April 2010) is the one year anniversary since Nick McDonald called the bottom in US Index Markets to his newsletter subscribers. Take yourself back to that time...the press was as negative as it could be and analysts were pointing to a bear market rally. Almost everyone expected markets to fall further. Meanwhile Nick saw technical signs of the market bottoming and posted them publicly.
The videos that follow are the exact versions published, the first on 16th April 2009 and a follow up on 6th May. Watch them closely as many technical ingredients are on offer as to how Nick made his decisions.
Index Futures Update: Have they bottomed out? 16th April 2009
Nick analyses the US indices in detail and covers his technical reasoning showing that the markets may be in the early stages of a new uptrend. Plus a swing long order to take advantage of this on the YM.
Indices: Market Bottom or Bear Market Rally? 6th May 2009
Nick McDonald assesses the major US indices and compares them to historical bear markets to assess whether this is a simple bear market rally or if in fact the bottom has been seen. Will the markets lead the economy into better shape? They have been a leading indicator many times in the past... lets see.
Many more trades and videos on index futures followed these two and the last 12 months proved very profitable for those who saw it coming. Subscribers to Precision Perspectives received the videos on the dates above, as they were published. To become a member and receive similar videos daily visit www.tradewithprecision.com/precisionperspectives and test drive Precision Perspectives Video Newsletter for a 10 day risk-free trial.
Happy Trading!
The TWP Team
info@tradewithprecision.com
Receive more articles and videos like this straight to your inbox. Sign up for the TWP Free Newsletter!
Newsletter Archive
If you get a video not found error, please refresh the web page and try playing the video again. You may also need to update your flash player. If you still need help, email support@tradewithprecision.com.