Continue reading...I began putting the DANGER signal on my Special Alerts to “alert” everyone to Danger (duh). I know this stage of the market well as I have seen it time and time again in many different markets. As I said over and over, “the job of this rally is to draw in as many players as possible” (and then give them a thorough drubbing for being so foolish). There were two “turning points” to potential tops (August 7 and mid September). Both were tops, but only temporarily (very temporarily).
MARKET TOP ? (The title of this article), I can?t get much more “up front” than that it means that everything I was looking for to produce a market top had occurred and that anything beyond that would send me back to the drawing board. I now think the odds are strong that we will now see what I have alluded to in the 40 year cycles i.e. “every 40 years or so something bad happens” ? “every other 40 years (every 80 years) something really bad happens.”
In my view, we are...
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