“Congress got a well-deserved spanking last night. A confident, humble, but forceful President chided BOTH sides of the aisle for inaction and unyielding partisanship. Stock markets in Asia and Europe responded with buying.
Many of yesterday’s charts traced out one-day reversal patterns, suggesting the correction is over. While we may get an 85 to 110 point rally in early trading, I still think the market is in a technical correction, which could take the DJIA down a shade under 9,900, or even to the 9,510…”
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About George Brooks:
George Brooks started in the investment business as a stock broker in 1962 and quickly gravitated to the research end of the business, first undertaking his own vast study of fundamental and technical analysis, then taking a position as director of stock market and economic studies for a leading money manager and publisher. In 1973, he formed his own firm to provide daily market timing and stock selections for two regional NYSE member firms, as well as special situation research and written analysis for leading investment advisory publications.
About EQUITIES:
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