Are We In For A Rollercoaster Stock Market Ride?

 This is an unusually sideways market that we're experiencing. We are finding that there are people betting on boith directions. The writer of the following article is predicting a major move. According to him, "the longer we remain in this sideways coiling process, the more powerful the breakout will eventually be, either up or down . . . and make no mistake, the storm is coming."
   . . . June


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The Calm Before the Stock Market Storm
DIA, SPY) | Benzinga.com:
Sector Selector: Week of October 4, 2010

It was a relatively calm week as global stock markets for the most part flat lined in the face of conflicting economic news and statements from the Federal Reserve.

The bulls and bears have largely been at a standoff since mid September, and while nobody can predict the future, I can tell you with some certainty that this stalemate will not continue.

In fact, the longer we remain in this sideways coiling process, the more powerful the breakout will eventually be, either up or down.

This coming week promises to add significant clarity to the future direction of the market and signal the end to the “calm before the stock market storm.”

Make no mistake, the storm is coming.

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