2/8/2016 – A negative day with the Dow Jones down 177 points (-1.09%) and the Nasdaq down 79 points (-1.82%)
I wish I was kidding, but I don’t recall encountering a single bullish article today. Even the “Buy the Dip” crowd is telling investors to avoid the market.
Consider the headlines.
“I was far too bullish last December,” Siegel admitted, referring to his call on “Squawk Box” that “valuations can stay on the high side.” He also had predicted on CNBC in November that Dow 20,000 was a “real possibility” in 2016. It was above 15,900 on Monday. The Wharton School finance professor on Monday summed up his view on the headwinds to the market. “Those deflationary forces … from China, from commodities are really, in the presence of debt that so many of these energy and other companies have, … causing the market turmoil right now.”
I have been at odds with Mr. Siegel for quite some time. While he predicted the Dow 20K by the end of 2015, exactly a year ago, I wrote the following. Who Do You Believe: Dow 20,000 Or Ripped To Smithereens.
Point being, with all of this excessive bearishness, is the market overdue for a bounce?
That is exactly the question the chart below is helping us answer. In both price and time.
And what does it tell us?
While that information is available only to my subscribers, I can share this. Today’s market environment will continue to drive both bulls and bears up the wall. Until a certain point is reached in both PRICE and TIME. When that happens the market will start an incredibly fast directional move.
But…… will it stage a powerful bounce or will the sell-off continue? That is the billion dollar question. You can Click Here to find out.
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 8th, 2016 InvestWithAlex.com
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