A negative week with the Dow Jones down 1,655 points (-6.86%) and the Nasdaq down 578 points (-8.36%)
In early June of 2018 we presented our subscribers with the following chart. At that time it was just a red dotted line you see above projecting upcoming stock market moves. June 27/28th bottom was a direct hit. The biggest discrepancy for the forecast above was our anticipated early September bottom. September 11th bottom ended up being much shallower than we originally anticipated.
The forecast was slightly adjusted in our weekly/daily updates with price/time calculations as we went along and an important top arrived in early October. The sell-off thus far has been fairly straight forward.
Not too bad for a forecast issued 6 months ago.
Over the last two weeks I issued the following warnings to our premium members.
December 8th Update: Market’s structural composition suggests the market will very quickly slice though both 24K and 23K on the Dow over the next 10 trading days. Once those major support levels are taken out, the Dow might very quickly collapse to XXX by the time our XXX TIME turning point arrives.
December 15th Update: The Dow did briefly break below 24K on Monday, followed by an ideal structural bounce discussed in our daily updates. It appears the bounce did conclude on Wednesday and that we are now in very early stages of XXX down. A word of caution. These structural locations in the stock market are incredibly dangerous and/or violent.
As we came into December most traders/investors were anticipating a massive “Santa Rally”. Our work was projecting the exact opposite months ago and we made sure our subscribers knew.
Now that the market is approaching short-term oversold levels and investor sentiment is getting nearly “panicky”, yet another important move is about to develop. Just don’t assume it will be a powerful bounce and/or resumption of a bull market. You know, BTFD!!! Stock market history clearly suggests that all market crashes occur under oversold conditions.
Plus, it is the market’s duty and full time job to fool as many investors at once as possible – including yours truly.
Having said that, if you would like to find out exactly what the stock market will do next, in both price and time, based on our timing and mathematical work, please Click Here.
