Observe how the technicals repeat, this time on a daily chart: (more)
Monday, October 12, 2009
October 2009 Stock Market Crash Ahead
Technicals indicate a 1987-style stock market crash is anticipated for the current month. The Rising Wedge pattern on today's DJIA daily chart is technically perfect as was the 1987 Nasdaq weekly chart before the crash of that fateful year. Soon, I anticipate opening a position in QID to take advantage of this event.
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Your chart is over a much shorter period - there may well be a sharp drop - but I doubt there will be a crash per se.
ReplyDeleteEnjoy the ride - and don;t panic - nobody's dead and nobody's pregnant !
Its True . I have had my Sources giving same Info
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