A mixed day with the Dow Jones up 5 points (+0.03%) and the Nasdaq down 24 points (-0.54%).
If you were to read some of today’s financial headlines without seeing the tape you would surely think that the Dow just crashed to the tune of 1,000 points. Case and point….
- We’re in the third biggest stock bubble in U.S. history
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Yellen and Fed raise flag over some U.S. equity valuations
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How to Profit From the Coming Correction
Yet, the Dow is sitting just 50 points shy of its all time high. As I have suggested in the past, the stock market could care less what people think, hope or forecast. It has a beautiful internal mathematical structure that it traces out. In fact, it will only roll over and start heading lower when all of its upside targets are hit and the mathematical structure is complete. Not a day sooner.
For now the stock market continues to accumulate energy. And it has been doing so since the beginning of this year. When this energy if finally released, we shall see an amazing fireworks display. In other words, the kids will get no allowance, the wife will get no jewelry and the husband will get no sex.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2014-2017. 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 2014-2017 will start (to the day) and its internal composition, please CLICK HERE
(***Please Note: 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. July 15th, 2014 InvestWithAlex.com
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