2/17/2016 – Another positive day with the Dow Jones up 257 points (+1.59%) and the Nasdaq up 98 points (+2.21%)
What a difference a few trading days make. Last Wednesday, or right before an important bottom, I wrote the following. Financial Media Predicts Armageddon – Time To Go Long?
Open any financial media outlet and you will be hard pressed to find anything positive. So much so that quite a few prominent market “pundits” are calling for an outright financial Armageddon. Soup lines in tow.
Today, bottom callers are once again out in force. For instance, Cramer: Bullish signals to spot a raging buy Although, even though the market is now overbought, the sentiment is not as bullish as it was at the end of December or right before the most recent market collapse.
What does all of that mean?
We remain in a very complex market environment. Here is the chart I presented to you almost two weeks ago. Suggesting at the time that the market will remain within a certain trading range until the structure below (sphere) completes itself on a certain date and price. When it does, a powerful directional move will start. If you would like to find out when that PRICE/TIME arrives (to the day) and where the market will push next, please Click Here.
Now, here is a very good technical take on today’s market. I would have to agree with most things Mr.Griffiths talks about.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2015-2017. 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 2015-2017 will start (to the day) and its internal composition, please CLICK HERE.
(***Please Note: A bear market might have started already, I am simply not disclosing this information. 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. February 17th, 2016 InvestWithAlex.com
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