9/11/2015 – An up day with the Dow Jones up 101 points (+0.62%) and the Nasdaq up 26 points (+0.54%)
May 19th was incredibly important. First, the stock market was celebrating its 225th birthday. The first official day of trading in the US was May 19th, 1790. Second, the Dow put in an important mathematical, timing and structural TOP at the time. Finally, it was also my birthday. Which explains why I am obsessed with the stock market. Since our birthdays are the same, we tend to vibrate at the same frequency.
Anyway, as the Dow pushed higher in mid May, 95% of market pundits, money managers and economists were predicting the Dow 20,000 by the end of the year. I was NOT in that camp. Not by a long shot. On the contrary, I was building into 100% short position at the time and so were my subscribers. Here is why…..take a look at the chart below.
My subscribers first saw this chart in early April of 2015.
At that time, April of 2015, my basic forecast was as follows (without getting into intricacies of it).
- The Dow will remain within the confines of the elliptical structure above until the ellipse terminates at the right hand side mid-point in late July of 2015.
- The market will not move fast or we will remains within the confines of a low energy market until we terminate the ellipse in late July. But as soon as we do, energy levels and volatility should spike higher. In other words, we will move fast.
Here is the actual outcome:
Pay particularly close attention to the following.
- We had a very powerful TIME turning point arriving on May 19th (+/- 1 trading day)
- The market ran right into elliptical resistance at the same time.
- Plus, wedge compression line terminated at the same time.
All of that was indicative of a major top being put in place. So, while everyone was extremely bullish, I was telling my subscribers….
“Do not wait for elliptical termination point, go short NOW. We are unlikely to see these top levels again anytime soon”
Finally, notice what has happened right after the market fell out of the ellipse. Just as suggested above, we have had a major spike in volatility and the market covered more ground to the downside in 7 trading hours, than it did in the 3 months prior. I have posted quite a few blog posts prior to that, warning people of the same. For instance, Is Our Historically Boring Market About To Get Exciting? You Bet – Published on July 31st, 2015
If you would be interested in this type of an analysis and/or if you would like to find 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 2015-2017. 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 2015-2017 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. September 11th, 2015 InvestWithAlex.com
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