Major market update from Steven Vincent. After being bullish on stocks and commodities since March he is now turning bearish and thinks that after a bounce the markets will head lower.
Thank you for this important and thorough technical update! Your views are finally in agreement with my macro-economic outlook. ;) I must admit you were correct to be bullish on stocks in past months even if your growth oriented funnymental ideas were mistaken. I appreciate your ability to adjust your thinking based on technical evidence.
One suggestion for video reports is to remember it is difficult (or impossible) to read the chart numbers on youtube, so please refer to the numbers as well as the lines when discussing support/resistance levels on non-BBMR charts.
Comment by Steven Vincent on February 3, 2010 at 10:29am
Thanks for your comments. I always attempt to let the charts tell me what is happening.
Michael, you can view the charts perfectly in the video. On the site here, you cannot however go full screen. If you click on the video it will open in YouTube and there you can go full screen and even choose from 3 levels of HD resolution and you can see them as clear as day. I take great pains to produce the video so that it can be viewed perfectly well so please advantage yourself of this.
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