Are you ready for the next [online marketing recession]
Are we heading for a online marketing recession?The answer is no there will be more millionaires made in these times then the last 5 years. Over the years, I have written a number of controversial articles, some which were correct, and some which were off base. Like a player that bats .300 in baseball, in the financial markets, if you can correctly see whats coming next more then half the time, you are doing reasonably well. I start todays article on this note because I know that right here, right now, this article and this call are bound to be among the most highly controversial and represent one of the more aggressive calls I have made in some time. Yet, looking at the state of the currency markets, it appears as though a truly major turn is dead ahead. Now, I am writing this article from the point of view of a market technician, and I want to state up front that I have no idea why the Dollar will weaken, and why the Euro will bounce back. For whatever reason, I would assert that at the moment, an inflection point of epic proportions is now directly ahead. Of course, there is always room to speculate where fundamentals are concerned. In markets as super charged as the currency markets are at the moment, an important trend change could come from something as simple as some European finance minister opening his mouth and talking about lower rates. Alternatively, maybe some economic data could trigger a major swing. From the standpoint of the message of the charts, the fundamentals matter little. The charts are shouting out potential trend change and that is all we are paying attention to at the current time.