The market onslaught of the last week is now staging a snap-back rally. As I write this Sunday evening the S&P 500 has pushed to 1,143 in the futures markets. This was to be expected as we’d come up against the neckline for the Head and Shoulders pattern I noted the last two weeks:
From a larger perspective, 1,110 is a line of MAJOR support. The S&P 500 spent a major portion of 2010 at this level. It’s also the level at which the S&P 500 staged its last bounce before entering the 2008 Crash.
So this is THE line to watch in stocks. Once we take it out, we’re going to 1,000 in short order. By the look of things, it won’t be long.
Indeed, last week we got a confirmed SELL on my proprietary Crash indicator. This is the SAME indicator that registered before the 1987 Crash, the Tech Crash, and the 2008 collapse.
It’s just triggered again… which means that last week’s sell off is JUST the beginning of what’s coming.
Yes, the GREAT COLLAPSE has begun. The markets will be going to new lows (below the March 2009 lows) in the coming months.
We’re also going to be seeing major banks go under, market crashes, food shortages, government shutdowns, and SYSTEMIC FAILURE.
Yes, I believe that before this mess ends, the financial system as a whole will have collapsed. What’s coming is going to make 2008 look like a joke.
Many people will lose everything in this mess. Yes, everything. The US is going to be defaulting on its debt, paper currencies around the world will fail. It’s going to be a dark dark time.
I’ve recently published three reports devoted to helping my clients get through this mess in one piece. They’re titled Protect Your Family, Protect Your Savings, and Protect Your Portfolio.
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To whit, my clients MADE money in 2008, outperforming every mutual fund on the planet as well as 99% of investment legends.
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So if you’re looking for a guide to get you through the coming disaster, I’m your man.
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The time for dilly dallying is over. The market’s have already taken out critical support and my Crash indicator is on a confirmed SELL. Failing to take action now means risking HUGE losses as the Great Collapse snowballs.
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