Bear Market Alert For
Trader Jack's
"Smart Trading Tips Subscribers"

The bear market... Having forecast the exact bottom on October 15, 2002...I thought you would want to know that the Bear Market has returned. Its time to get out of your long positions and take profits. And if your up to it also pick up some lunch money on the way down...

The current bull market has been running for almost 2 years...it's not only time for a break...time is running out.

Here is the rule:
A stock or commodity that runs up and makes a high and then pulls back and attempts to take out the high three times and fails.... will return from where it started and the bear market will begin.

In this case that is a long way down....so watch out below.

To see the currnet chart of the Dow click here

Now we will take our rule and apply it:

A high was made this year on March 5, 2004 at 1160.10 Marked as the top on the chart. Numbers 1 & 2 mark the first 2 attempts to take out the high. At the present time we are making the third attempt at taking out our 3-05-04 high....I already have it marked # 3 on the chart.

As I write this...3:30 PM EST, on September 21, 2004 the S & P is rallying to 1132. The idea scenario, would be for the price to fail before reaching 1134 and quickly fall off....most likely making this the third and final high.

If 1134 fails to hold this advance the next most likely target for this rally to complete, would be 1140. Nevertheless, as long as the market (Dec SP 500) cannot exceed the 3-05-04 high of 1160.10 this market is doomed to fail.

Bear market strategy...it's really simple. If you are a position trader...its time to exit longs and take your profits.

To pick up some pocket change in this bear market decline look at buying, out of the money, OTM puts, and selling OTM calls...but not two far out.

I'm working on part two...of the "Fall 2004 Special Stock Market Report"...where we will get into some near term targets for you to take profits at.

A trading system for picking tops & bottoms is just ideal in this situation. Especially if the system gives you the exact place to enter, where to place your stop and where to take your profit. I've used this exact system many times to pick both tops and bottoms... learn more

There is risk in trading using Bear Market Alerts for Futures, Options, Stocks and Commodities, which have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in Stocks, Futures, Options and Commodity markets. Don't trade with money that you can't afford to lose. This bear marekt report is neither a solicitation nor an offer to Buy/Sell Futures, Options, Stocks or Commodities. risk disclosure