1/13/2014 – Another down day with the Dow Jones down 27 points (-0.15) and the Nasdaq down 3 points (-0.03%).
The Dow surged at the open only to reverse and collapse 400 points in a matter of hours. This represents a significant bearish reversal for the market, yielding an ominous sign in the process. At the risk of sounding like a broken record, today’s bearish reversal had occurred in the worst possible environment. That is, massive bubble valuation levels and deteriorating market internals.
As a result MarketWatch asks an important question. Is this a market ready to crash? Comparing today’s market structure to where the oil prices were about 6-months ago.
At this particular point the answer is no, and we won’t have that structure unless we move significantly lower. Now, unlike the setup in the oil market, where the structure was such that a break-and-plunge setup was near the highs in that market, that is not the case at all right now with the S&P 500 as we would have to move down significantly just to get the break that could lead to a bear market.
The problem with such thinking is the downside one has to suffer prior to any such “Bear” confirmation. For instance, for the S&P to confirm this as a bearish reversal the market would have to decline 10% or 200 points lower. In other words, huge losses for one’s portfolio. There is got to be a better way and there is. If you would like to find out if today’s sell-off is a simple correction or something more, please click on the link below.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014/15-2017. In fact, when it starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning when the bear market of 2014/15-2017 will start (to the day) and its internal composition, please CLICK HERE.
(***Please Note: A bear market might have started already, I am simply not disclosing this information. Due to my obligations to my Subscribers I am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, please Click Here). Daily Stock Market Update. January 13th, 2015 InvestWithAlex.com
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