The NYSE Composite and Wilshire 5000 index COULD BE forming one of the largest "Bearish Head & Shoulders" patterns in the past 100 years and IF they, in fact, are then we are about to see a 40% decline in those indices and the S&P 500 would most certainly follow suit. Take a look at the charts that tell the story. Words: 200
Read More »Reduce Your Exposure Next Time the Market Bounces – Here's Why
Unless the S&P 500 rebounds and stays above 1250-1260, the recent 10% drop in the index may well be an indication that the markets have capitulated and a signal of the beginning of a renewed severe downturn. Words: 752
Read More »Robert Prechter's Elliott Wave Theory: Dow Set to Tumble to 8,000
U.S. stocks could sink by more than 20 percent if the neckline of a head-and-shoulders pattern on the Dow Jones Industrial Average is breached, according to Robert Prechter’s Elliott Wave International Inc. Words: 524
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