I have set up a sale for new subscribers as annual members. Use the Coupon Code NETWORTH1 for savings of over 40%.Get Greg's award-winning Technical Analysis now.
Here are some of the testimonials I have received in the last few days, following the decline. I think hearing from investors following my work through the decline is important because it would be easy to agree when the markets are at the highs.
"I do not make any decisions until I have viewed and watched your videos. You have saved me, from my self, several times. Thanks for shedding the light on this market."
- Rory R, Colorado March 8, 2020
"I have been following Greg for three years. I count on his thorough technical analysis of the markets including the commodities to assist me in understanding the big picture. Greg is an outstanding technical analyst. - (Spelling correction on words 'thorough' and 'analyst' by Greg). Thank you for your insight."
- Dave D, March 8, 2020
Oil and the Dominoes Paper
I wrote this paper back in 2016, as we made the lows in the market. What is important is to be aware of how oil affects other sectors. As you scroll through the article, you can see the red line move to the right on each chart as sector after sector followed oil lower.
Note the quote by Jamie Dimon.
Click on this link to my published StockCharts blog to read the article!
--------> Oil and the Dominoes. <----------
It would not surprise me to see this play out again. The bottom line, in my opinion, is that this is not over, but we are already down 20% on all the indexes. My thoughts are to give it a chance to level out, unless you like to play the bounces. Once oil settles, we'll be able to rally.
I have changed my technical analysis since I wrote the article. One of the improvements in my analysis since 2016 is my personal Schnell Strength Index, which subscription members have access to each week. The Schnell Strength Index would find the low of 2016 to help investors get back in within weeks of that major low.
Here are a few more testimonials
"I have been an individual investor for over forty years. Greg's analysis and commentary are, hands down, the best I have ever seen. I have become a better investor since subscribing to Greg's investment service and I have both made, and saved, a lot of money by heeding his insights.
"Why do I find his work so helpful?
- his encyclopedic knowledge of the nuances of technical analysis.
- his humility and lack of self-promotion.
- his use of historical context to clarify current market behavior
- his emphasis on capital preservation.
- his wide-ranging knowledge of equity, bond, currency, international and commodity markets
- his ability to make complex concepts easy to understand"
- Lynn H, New Mexico March 8th, 2020
"For years I was a self taught charter, trying to find my way through all the different indicators, moving averages, candlesticks, etc etc. I spent countless hours weaving my way through the multiple youtube pages, websites and listening to anyone that would talk about charting. After trial and error and clicking through countless links, I stumbled across some of your work. It made a lot of sense to me, a very broad look at the markets and sectors. Not only am I a member of your website now but I pretty much have jumped on the Schnell charting bandwagon and only listen to your teachings. You have changed my charting knowledge quite significantly, improved my place in the markets and I thank you for that."
- Nick S. Canada - March 5, 2020
There is a sale for new subscribers for annual members. Use the Coupon Code NETWORTH1 for savings of over 40%.Get Greg's award-winning Technical Analysis now.
More Testimonials, IMPORTANTLY ALL THESE ARE FROM AFTER THE DECLINE!
"Just a note to let you know how much I have come to rely on your timely market info. Whether its a trend about to take off to the upside or an alert to let people know that the market is due for a correction.. You have helped me a great deal on timely entries and exits. Keep up the excellent work.
- Thanks Barry - March 5, 2020
"Greg, I have followed your work for many years, and your insight has not only steered me correctly in the Markets, but made and saved me in the turns and twists over many years! I cannot wait to read your work, and as you know, a faithful follower – you are one of the best in your business that I have found over my 50 years of investing!"
- Bob A. USA - March 4, 2020
"The chart trails that you guide with are convincing and have led to probable outcomes since I have been a member. I had moved into cash & bonds before this February decline thanks to your work that saved me nearly 90K."
- Mark F. Colorado - March 4, 2020
There is a sale for new subscribers for annual members. Use the Coupon Code NETWORTH1 for savings of over 40%. Get Greg's award-winning Technical Analysis now.
Today we have the drop in crude. We still have the COVID-19 issues, weakness in Europe, etc. While buying the dips is sporty, keep your risk controlled.
Please contact me if you need anything or have suggestions.
Greg Schnell, CMT, MFTA
Senior Technical Analyst, StockCharts.com
Author, Stock Charts For Dummies
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