FYI | Mar 14 2012
By Rudi Filapek-Vandyck
FNArena has added another video to its Investors Education section on the website. March and April share the same base characteristic, explains ATW's Jerry Simmons in this latest video broadcast. History shows both months often bring pivotal changes to market trends.
Simmons takes us back to the bull market of the nineties which ended with an all-time high for Nasdaq in March 2000. Also, the bear market that started in late 2007 ended in the first week of March 2009. While there seems to be a general view that, following on from this tradition, March 2012 is poised to mark yet another sell-off, Simmons counters that March this year could still prove pivotal by allowing major US indices to move higher as that would remove the shackles of some annoying, nasty and long lasting technical resistance.
Simmons follows up with analyses of the Russell 2000 index, which leaves the door open to a positive outcome, and an analysis of copper, which equally shows a positive bias. The latter comes with the caveat "as long as price action stays above US3.80c/lb", which it has thus far.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: www.fnarena.com/index2.cfm?type=dsp_front_videos&vid=75
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at https://www.fnarena.com/index4.cfm?type=dsp_front_videos)
