Monday, March 30, 2009 EST

This is a public post regarding the MTR-TM status on 3/30/2009. To see MTR-TM updates live please register and or log into the site.

The daily change in the market timing model (MTR-TM) is -4.31%. The week over week change in the MTR-TM is
-3.45%. The signal for this commentary is Market Up on Friday, 3/13/2009.

The weekly trend (WoW) showed weakness today at -3.45%. Most stop loss orders would have been hit today because of the -4.31% daily close of Value Line index. This would have shown a good ride since the revised BUY on 3/13/2009.

For those that follow Les Masonson a 4% sell from a “recent market top” would have fired today. The classic 4% model would not have fired today since the WoW change was -3.45%. MTR-TM did not fire since various back-tested criteria was not met. Regardless, good stop loss orders would have taken most traders out of the market today.

Friday, March 27, 2009 EST

I heard in various financial news shows about "Dr. Doom" but to be honest I did not know the reason why there was so much talk about him.

The New York times has a great article that discussed how Nouriel Roubini (Dr. Doom) on September 7, 2006 announced how the USA was facing housing bust, oil shock, and other economic woes.

Here is a snippet of the New York Times Article "Dr Doom"

"On Sept. 7, 2006, Nouriel Roubini, an economics professor at New York University, stood before an audience of economists at the International Monetary Fund and announced that a crisis was brewing. In the coming months and years, he warned, the United States was likely to face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession. He laid out a bleak sequence of events: homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt."

 
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