Momentum Continues To Favor Kerry In Upcoming Presidential Election

Bush Shows Weakness In Futures Contract Price Over Past 6 Months

New York, NY (PRWEB) July 17, 2004 -- In January President Bush was riding high, like a cowboy bringing in his herd, with his re-election numbers showing him as almost a 75-percent favorite over his challengers. That was also the time when things began to change, and the momentum started to shift from Bush to his opponents. Bushs contract price peaked in January 2004 at a price of $75.00 as reported on the Tradesports Futures Exchange.

Looking at the graph, Bushs momentum has continued to slide over the past 6 months, with the biggest decline setting in over the past month. In July alone the contract price for Bush to win slipped another $6.00, cutting it to an all time low of $49.50. Recently, the contract price rebounded to $52.40, which is insignificant considering the runoff in the contracts overall price.

Going forward the contract price has found support in the low $50.00 range. It will be important for the price of the contract to quickly break out of this range to the plus side for Bush to have a chance of winning the election in November. If the price flat-lines" here, as most technical analysts know, the price will have a high percentage chance of breaking south in the coming months.

Watch for the Bush Campaign to begin rolling out the big guns soon. The announcement of The Bush Twins entering their daddys campaign is only the beginning. The surrendering of Bin Ladens associate, Khaled al-Harbi, quickly followed in the news.

It will be important to see how the contract price reacts to the each attempt by the Bush Campaign to reestablish momentum. If the price remains unchanged over the course of these announcements, then you can be certain Bushs contract price will begin to fall, and Kerry will walk away with this election. As for now Kerry needs to stay the course and prepare to combat the Bush Campaigns next wave of offensives if he wants any chance of putting John-John in the White House.

About Four-Wire Research, LLC
Founded in 2003, Four-Wire Research, LLC has prided itself on conducting research and analysis on a wide-range of monetary instruments through the use of technical analysis. Currently, the company owns and operates Cytrader.com, a subscription-based website that provides clients with research and analysis to better assist in making an educated short-term investment decision. For more information regarding this article or the company, please contact us at support@cytrader.com.