- Posted June 23, 2014 by
How important is the Stock Market Top Here?
A few weeks ago the New Andrews Pitchfork Indicator gave a plus three reading. This typically results in the market, as measured by the SPX, Nasdaq, or Dow surging up, pleasing investors who own stocks.
After the surge is over the market then gives other indications that suggest that the market surge is over done and it is time for the excesses to be corrected.
This results in a market down move. A down move in a strong up market is an opportunity for investors to look for new opportunities.
On Friday the New Andrews Pitchfork Indicator gave an indicication that the market is about to stall. This stalling should appear to be evident soon. Today the indicator suggests a strong down move lies ahead. At www.andrewspitchfork.com the latest update is available.
Are market pros going short here? See Andrews this week at www. innovativephysics.com