COLLAPSE OF THE DOW - IS THIS THE END OF THE BULL RUN?

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) June 9, 2009 -- Mike Haran, a full time trader and co-founder of www.fxsignaltrader.com, is very concerned with what is happening in the financial markets at the moment.
“I am very concerned at the moment, the DOW is looking like a collapse is very close.” After such a long move up, perhaps one of the greatest since records began, we are seeing a great deal of weakness and indecision.”

“I am a technical trader, everything is shown in the price action and price is the best indicator there is. Three Doji candle sticks in a row is something every trader loves especially on the day chart. This is what is happening on the DOW at the moment. It has also stopped at the .886fib level of the last swing. What I am expecting is a massive correction, possibly of the order of 2000 points or more. The DOW has made one of the longest moves up since records began from any bear crash. Strong reactions in any market provoke equally strong corrections. This market is no different, what I expect is a massive correction, maybe as much as 89% of the move up. If this breaks and I know it will, expect a lot of pain. I have no idea what the news to trigger this event will be. I am not clairvoyant or a prophet, I am just a student of the markets. A confirmation would be a long red candle tomorrow, 10th June 200; that would certainly clarify that a top was indeed formed. I like to predict the markets, but I trade according to very strict rules, a trader must trade what is in front of him, not what he believes. I use my own signals to generate a return of about 20% per month, trading nine currency pairs. Consistent results produce steady profit and that is what every trader desires.”

To see how Mike trades just go to www.fxsignaltrader.com

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