9/28/2015 – A negative day with the Dow Jones down 313 points (-1.92%) and the Nasdaq down 141 points (-3.01%)
I remember May19th, 2015, the Dow’s actual top, very well. While we were anticipating a top and were shorting, there were no bearish articles to be found. None, zero, zilch. In fact, you couldn’t open a financial terminal without seeing the Dow 20K, 25K, etc…by the end of the year article staring you in the face.
Today, the opposite is true. For instance…..
This is definitely something to pay attention to. Here is what else has me worried.
Most technicians I know, including Elliott Wave followers, expect a double bottom around August 24th low. That would resolve the “untradable” bottom issue I have covered here before, as well as replicate the 2011 sell-off and subsequent bounce structure.
Thereafter, everyone I know expects a massive rally. Either to new all time highs or into a substantial A-B-C bounce (if you are an Elliott Wave follower). And while that sounds good on paper, my problem is precisely that. The market rarely does what everyone expects it to do.
As a result, I have quite a few questions. What if the rally starts sooner? What if we slice through August 24th low and keep going lower. What if the bounce everyone expects doesn’t materialize at all? What if we sit in this trading range for the next 2 years? What if we crash? What if……
Impossible? Right. Just as that Pets.com stock was worth every penny in March of 2000.
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. September 28th, 2015 InvestWithAlex.com
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What You Ought To Know About Everyone Being Too Bearish. Google
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