Big Trend Changes are Coming to the Stock Markets

By: Robert_McHugh_PhD

We expect several significant changes to occur in markets over the next week or two. We cover those changes in detail in our expanded 56 page newsletter to subscribers at www.technicalindicatorindex.com , and discuss if those changes will be long-term or simply short-term.

We base our studies of markets on the premise that markets have a language, that they are telling us where they are headed next, so if we can know that language, and listen properly, we can have a huge investing advantage.

Back on January 11th, 2008, 6 months ago, we showed the chart at the top of the next page. It was a Head and Shoulders top pattern , and it predicted a 20 percent crash in the S&P was about to occur, with a downside target of 1,200ish .

Well, here it is, six months later, on July 11th, 2008, and guess what? The S&P 500 hit 1,225.35, only 25 points from its target (which should get hit next week), an amazing 175 points below the 1,401 close on January 11th, when that chart was shown.

We showed a second, different Head & Shoulders top in the S&P 500 on June 20th, targeting a 100 point drop in the S&P. That target was fulfilled only 2 weeks later, Friday, July 11th, 2008. Techncal analysis works.

So now what? We believe there are compelling indicators and patterns suggesting that most major markets are about to see trend changes, starting sooner than many folks realize.

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“Jesus said to them, “I am the bread of life; he who comes to Me
shall not hunger, and he who believes in Me shall never thirst.
For I have come down from heaven,
For this is the will of My Father, that everyone who beholds
the Son and believes in Him, may have eternal life;
and I Myself will raise him up on the last day.”

John 6: 35, 38, 40

by Robert McHugh, Ph.D.  
technicalindicatorindex.com

Robert McHugh Ph.D. is President and CEO of Main Line Investors, Inc., a registered investment advisor in the Commonwealth of Pennsylvania, and can be reached at www.technicalindicatorindex.com. The statements, opinions, buy and sell signals, and analyses presented in this newsletter are provided as a general information and education service only. Opinions, estimates, buy and sell signals, and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this newsletter is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. Neither Main Line Investors, Inc. nor Robert D. McHugh, Jr., Ph.D. Editor shall be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided. Copyright 2007, Main Line Investors, Inc. All Rights Reserved.

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