THE FOUNDATION UPON WHICH TECHNICAL ANALYSIS IS BUILT.
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Ed Dobson, Traders Press, Inc.
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The State of the Markets December 2003
The State of the Markets Letter puts it all in perspective. 3 installments in which will be revealed many important market secrets including: Some stocks to invest in; Some stocks to short; Where this market is and where it's going over the immediate time frame; the risk for major bear strategies now. All this and pictures of Pamela Anderson and Paris Hilton. Who can resist? First installment due Dec 13. What a Christmas present for that investor who has everything but pictures of Paris (and Rome and London)
It is necessary to reply to the State of the Union address with the State of the Markets Letter, a major letter.
At major turning points we publish an MTP letter. We presently see no major turning point in view so we have decided to examine the present markets for opportunities and dangers in order to present a coherent investment policy for the foreseeable future. In such an exercise as this we recommended the purchase of the Euro at $.82 in 2000 and 2001. At that time we also recommended a procedure to take advantage of the expected return to parity of the Euro--that is the purchase of Euro denominated bonds for risk averse investors. To be informed prior to publication email: SOMLetter@edwards-magee.com. A prepublication heads-up will result if something can't wait for the entire letter.
This letter will be published sometime in February.