10/8/2014 – A big up day with the Dow Jones up 275 points (+1.64%) and the Nasdaq up 83 points (+1.90%).
The market continues to perform exactly as anticipated…..CLICK HERE.
By 11 am EST today the bulls were literally shitting their pants and bears couldn’t be happier. Various indices were approaching major support levels that could have spelled doom for the overall market if breached. By 4 PM bulls were turned to absolute geniuses thanks to Janet Yellen and bears were viewed as retarded idiots. An exact opposite of what had happened yesterday.
Why is this important?
This is incredibly important as per market psychology. Think about it in the following fashion. At this juncture bulls are incredibly emboldened. Every sell off over the last few months and years has been recovered in record time as the market keeps pushing higher. In short, this market can’t do wrong and every declined is viewed as a buying opportunity.
The situation is completely reversed for the bears. The second remaining bears get excited about a decline the market tends to completely annihilate them. As was the case today. Forcing most bears to be too afraid to take a short position.
So?
Well, this sort of a psychological setup can only play out in the following fashion……99% of bulls will be trapped when the market crashes and 99% of bears will fail to initiate a profitable position.
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 8th, 2014 InvestWithAlex.com
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