10/21/2014 – A strong up day with the Dow Jones up 214 points (+1.30%) and the Nasdaq up 103 points (+2.40%).
Oftentimes people make simplistic comparisons in the stock market and assume that their analysis is top notch. That is a very dangerous game to play. Case and point, this MarketWatch article claims that the market is repeating the pattern from 4-years ago. The deja-vu selloff is reaching a ‘crisis bottom’: McClellan
Why 4 years? I have no idea. I have studied every cycle under the sun and I can assure you that there is no 4 year cycle in the stock market. They might as well have picked out any similar pattern, even from 100 years ago, in order to claim the pattern is repeating. This is a fools game. If there is no fixed methodology to support cyclical breakdown, such cycles should not be used.
Of course, the underlying notion is that a 10% selloff is somehow indicative of a major bull market rally to come. I can’t tell you how many times I have heard that the bottom is in, the Santa Claus rally is coming and the FED’s will never let the market fall before the election/Christmas.
The roots of the recent stock market selloff look very familiar to investment newsletter writer Tom McClellan, and that’s making him very bullish.
Perhaps it is as simple as that. Yet, maybe…..just maybe, the pattern from 4 years ago has nothing to do with the stock market of today. And instead of getting a rally towards the end of the year, Bad Santa might play a cruel joke on your portfolio. Did you ever consider that? If you would be interested in finding out what happens next, please Click Here.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014-2017. 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 2014-2017 will start (to the day) and its internal composition, please CLICK HERE
(***Please Note: 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. October 21st, 2014 InvestWithAlex.com
Did you enjoy this article? If so, please share our blog with your friends as we try to get traction. Gratitude!!!
