The Dow futures are down 300 points as of this writing. Pointing to yet another gut wrenching trading day.
Is China to blame? The short answer is……NO.
Understandably, that is not what you will hear from the mainstream financial media.
- Offshore Chinese yuan plunges to five-year low against dollar
- Global Stocks Sink on China, U.S. Growth Concerns
- Investors are worrying too much about China
The real answer is a lot more complicated. Sure, China plays its role, but the overall composition of the stock market is being driven by certain cycles. The real cause and effect behind all market movements.
Let me give you an example. As the market stages a massive rally off of August 24th and/or September 29th lows my subscribers knew that the next TIME turning point of great importance was due at the end of November. That is precisely the time frame when most major indices put in an important top and started failing. The Dow is now down over 1,000 points.
Sure, China will get the blame, but the real cause of today’s sell-off was on my TIMING sheet over 9 months ago. And if that type of analysis is of interest, please Click Here.
