Latest Economic Indicator Data Confirms Our Calls and Expectations
by Bob Bronson, Bronson Capital Markets Research. January 20, 2005
Recent month's economic indicator data from the Conference Board further confirm our previous call for a major top in the stock market signaling a recession starting later this year.
This is more clear when the stock market's post-election rally, which we called a bull trap before its yearend high, is removed and the other leading economic indicators are considered in their aggregate time series topping pattern.
Although this point is not supported here, if we're right about the bull trap completely reversing, January and subsequent month's stock market losses will make this self-evidently clear in the leading economic indicator data then reported.
Meanwhile the four economically-based monthly stock market timing indicators charted below resolutely remain in a major top sell mode since their confirming highs we reported last spring.
© 2005 Bob Bronson
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