Major Alert here guys,we are headed for a huge downturn and I advise you all to be very careful with your savings. I will begin to move a large amount of funds over time into what I believe is a safe haven. Todays recent down correction is giving us an entry into POT. Do your DD on this gem. Long term growth is CERTAIN and I will begin to nibble little by little as it corrects down. If it ever gets back to 125 put your No Touch money into it. People will always need food, and farmers wordwide need POT. No "weed" jokes please for those so inclined. Thats 3 posts for me guys,good night and my thoughts of Good Fortune to all,Cheers!
There was a lot of technical damage done to stock averages Friday. We got confirmation of 18 month, very Bearish Head & Shoulders tops patterns in several indices, as prices completed their right shoulders and fell decisively below necklines. These patterns are huge, and the downside targets are 20 percent below where we stand now in several averages. In other words, these patterns are calling for a stock market crash. These patterns are saying that the Bear Market is nowhere near over.
We also got half of a Dow Theory re-confirmation of the Bear Market, as the Dow Industrials closed below their January lows. We now await the same action from the Trannies for downside confirmation. If we do not get the confirmation, that means there is hope for Bulls, but no Bull market signal.
Further, prices fell decisively below the bottom boundary of a 26 year rising trend-channel from 1982, which could be suggesting that the current Bear market is the big one, one of major Supercycle degree, the fulfillment of the Kondratieff winter cycle technical folks have been watching for, for a decade. It suggests we may be headed for a depression, not just a recession.
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