8/29/2014 – An up day with the Dow Jones up 19 points (+0.11%) and the Nasdaq up 22 points (+0.50%).
Yep, it’s official, even the perma bears are throwing in the towel. Real stock correction going to blindside us: Pro
“The day we’re going to get a real correction is when we stop parading people … saying a correction is coming, people like me who have been wrong. If we finish strong today, I’m going to ditch my notion of a correction.”
-The rest of the article is an all out Bull Party predicting a massive stock market rally towards the end of the year.
Wow, what a bear. One more day and he is out. And while traditional financial media calls these people bears, I call them weaklings. Yet, for a big move down to occur, this psychological setup cannot appear in any other fashion.
I have said it before and I will say it again. Two things. First, the stock market has been accumulating massive amounts of energy since December 31st, 2013. This energy is pointing towards a massive move (up or down) in the very near future. Second, there are no bears left. Everyone is incredibly bullish on this market and very few (if any) people expect any sort of a correction. Let alone a crash. The question is…..who is right? The majority or a few “retarded” bears that are crazy enough to maintain their stance.
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(***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. August 29th, 2014 InvestWithAlex.com
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