2/3/2015 – An up day with the Dow Jones up 305 points (+1.76%) and the Nasdaq up 51 points (1.09%).
Most people are scratching their heads while trying to figure out what had caused this massive 600+ point rally on the Dow over the last two days. ECB, FED, Oil, Greece, Australia, The Pope, etc…….no one knows. Well, except for my subscribers. This was posted in my weekly update on Saturday….
If February 3rd (+/- 1 trading day) at 17,050 TIME/PRICE point mentioned above is able to turn this market around, we might have a substantial advance.
If you are paying attention, the Dow bottomed at 17,038. Yet, the primary question remains. Is this yet another “dead cat bounce” or is this a “buying opportunity of a lifetime”. Please Click Here to find out.
In the meantime and as per chart below, market internals continue to deteriorate. While one of many indicators flashing a red light, the chart below suggests that the overall market must eventually catch up to individual stocks below their 200 day moving average. Just as it did after 2000 and 2007 tops. That’s quite a drop from here.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014/15-2017. 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 2014/15-2017 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 3rd, 2015 InvestWithAlex.com
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