Stock Market Has Topped Out for the Near Term. Many New Highs are Reversing. Breakout Stocks are Stalling.

    /24-7PressRelease.com/ - January 7, 2005 - Since February of 2004, in his stock market newsletter, Brad Koteshwar has been warning that the market has pretty much exhausted its energy in moving up since the low of October 2002 was pegged. As Taser International topped out in April 2004, Brad Koteshwar has been sending warnings to his readers that buying any new stocks is laden with dangers and that the odds of any significant upside move were limted. As the market rallied in the fall of 2004, the post-election up trend did not impress Brad Koteshwar. He says the clues are within the stocks that break out to new highs. While many moved up, they did so without any consolidations and odds of trading successfully have been low.

In his new book, Brad Koteshwar points out that the real moves come along 3 or 4 times in a 10 year cycle. And the last up trend cycle that offered good odds ended in February of 2004. Now one has to sit back and await a new cycle to come about. "The signs that a new cycle is here are weak," he says.

Breakout123.com is a cutting edge stock market news and opinion column offering educational insights, trading techniques and money managment techniques. Many of the commonly practiced strategies are discussed in the book "The Perfect Stock" by Brad Koteshwar available at all leading online retailers like Amazon.com, BarnesandNoble.com, etc.

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