10/11/2018 – Another massive negative day with the Dow Jones down 546 points (-2.13%) and the Nasdaq down 93 points (-1.25%)
As we have been saying, the stock market finds itself at an incredibly important juncture. Things are about to move. If you would like to find out what happens next, based on our timing and mathematical work, in both price and time, please Click Here.
Everyone and their day trading grandma are going hysterical over the stock market sell-off over the past few days. GOD forbid stocks ever go down, even 5-10%, right?
More so, highly leveraged bulls are in full panic mode trying to convince each other that today’s declines represents “the buying opportunity of a lifetime”. Just check this small collection of articles from today.
- Why U.S. investors should be buying this stock market pullback ‘with both arms’
- The Dow 40,000 Is Still Coming, Just Wait A Little
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Blackstone’s Byron Wien says S&P 500 on track for year-end rally to 3,000 despite stock-market wreckage
Oh My, so bullish…….why stop at 40,000….why not 100,000.
Anyway, why is everyone freaking out? This plays a big part.
Everyone is high, dry and on margin. We talked about this before Margin Debt Horror Show Gets Even Scarier
In other words, forced liquidation.
The stock market already took out a number of important support levels. Should the sell-off continue, considering the chart above, we might witness a bloodbath unseen since the 1987 over the next few weeks.
That is exactly what we talked about in today’s update to our members. If you would like to find out what the stock market will do next, in both price and time, please Click Here