In my weekly update to my premium subscriber I spent a considerable amount of time talking about the Nasdaq and the iShares Nasdaq Biotechnology (IBB). Today, even though the Dow is down slightly, the Nasdaq (-1.6%) and the IBB (-3.5%) continue to collapse. While I cannot share my exact findings (available to premium subscribers only), this sort of market action is indicative of a major turning point.
Is this a simple correction or a major turning point?
While both indices are oversold and due for a short term bounce, long term picture remains very clear. Our mathematical and timing work continues to indicate that the US Equity markets will go through a severe bear market between 2014-2017. Has it started already? If you would be interested in learning exactly when the bear market will start (to the day) and it’s internal composition please Click Here.
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