Email : info@otcjournal.com
URL : http://www.otcjournal.com
To
OTC Journal Members:
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OTC Journal's
New Feature- For Your Amusement and Entertainment |
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Today's cartoon is the first in a
series we plan to include regularly in the OTC Journal weekend edition.
We hope you find these cartoons entertaining and amusing. This is one of
the most frightening and stressful periods in both the financial and geopolitical
worlds. This cartoon series is our contribution to help lighten the mood
and put a smile on your face.
Please note- at the bottom
of the cartoon there is a link. If you click on this link it will take
you to a form on which you can submit your first and last name. Once you
follow the procedure and submit the information, both this and all of our
future cartoons will automatically be personalized for you.
The information you submit will be
used for no other purpose than to personalize cartoons. Later, we will
introduce a version you can send to friends, personalized by you for them.
Please take the time submit this information so we can enhance your experience.
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Market
Comment- The Market is Squeezing In |
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 In
our opinion and the view of many technicians, the market is setting up
for a big volatile move. The question- which way?
It is the market's job to fool as
many people as possible as often as possible. It has been doing an admirable
job as of late. It seems the more interesting and volatile geopolitical
events become, the less interesting the market becomes.
Volume and price action have retreated
to levels unexpected by all the "experts". It's as if market participants
are holding their collective breath, waiting for the some sort of heaven
sent metaphoric sign to act; either on the buy or sell side.
As you can see from the upper and
lower trend lines, the market is trying to close in on the apex of a triangle.
Every market move, either to the upside or downside has the rug pulled
out from under it, giving technicians no confirmation of a new trend in
either direction.
This market is like a weak dam with
the water level building up slowly behind it. At some point the dam will
burst and the water will cascade through. The longer the dam holds out,
the higher the water builds, and the more violent the result when the dam
breaks. For the moment, the very slight rise in the water level every day
has observers fooled into all is calm and quiet.
In fact, the closer we come to the
apex of the triangle without establishing a new trend, the more violent
the new trend will be when it comes. 90% of the so-called experts believe
the new trend will be down and a retest of the October lows is definitely
in the cards. Nearly all market technicians believe this will be the case.
Oftentimes, when everyone is convinced the market is going in a certain
direction, everybody ends up being wrong.
In the meantime, many of the microcaps
we love so much have been drifting down on very light volume. Sellers come
sporadically like slow water torture drip, and stocks drift down in the
absence of balance on the buy side. There isn't much stock for sale, but
buyers are on strike, preoccupied as fascinating geopolitical events unfold.
Who would have ever thought President
Bush's decision to go down the diplomatic UN road will end in a stand off
between long term allies Germany and France?
Keep some money ready for trades
when the trend is established, and don't be afraid to believe it could
be to the upside. As we stated, it is the market's job to fool as many
people as possible, and it has been doing an outstanding job as of late.
We plan to be there with the right ideas when a new trend is established.
Lovers of freedom and peace should
be heartened by the arrests this week of key Al Queda members, including
Osama Bin Ladin's son. We are slowly winning the war against terrorism.
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