Replies to post #1775 on Chelsea Oil and Gas Ltd. (fka COGLF)

[Belek]

The following is an excerpt from Private Wealth Advisory...

October 21, 2015

More QE Will Not Stop the Coming Crash

The markets are surging this morning based on hype and hope of more QE from Central Banks. This view is overlook the fact that EVERY collapse follows a pattern:

1) The initial drop

2) The bounce to "kiss" former support

3) The real implosion.

We've passed #1 and are in the middle of #2. Next up is #3.


Abroad, the damage has been even worse with China, Brazil, and the Emerging Market compex as a whole imploding.

China’s stock bubble has burst.


Brazil has taken out its bull market trendline.


As have the Emerging Markets as a whole.


The hype and hope of more QE misses the point...

The bull market of the last six years is over.

We will get bounces, like the one that has occurred in the last two weeks. But the trend is now down.

Already investors have begun to realize that Central Banks have lost control of the markets. This is why they erased months' worth of gains in four days’ time.

Indeed, at this point, it looks as though the END GAME has begun, ushering in a crisis that will make 2008 look like a joke.

Smart investors are preparing now, BEFORE it hits.

[Belek]

from OSS indicators

Been sharing the chart below with subscribers for over a week now. Never seen so many Bearish indicators stretching out this long.
Still Bearish on gold and silver.
The most bearish part of this week is still ahead.
Planetary A-Index is predicted to spike higher tomorrow. These spikes are associated with selling.

http://www.oss.cc/charts/nightly/Public/!_TA.png">http://www.oss.cc/charts/nightly/Public/!_TA.png" />

[Belek]

I think its safe to go short the FXI also, ride it down...