Investors poured $26.8 billion into stocks last month, and this month they are sitting on a Death Cross at this 90 min intraday scale. They are investing when the markets are at world record highs never seen before in history. Investors are putting money into the markets just down from a historic Cycle degree wave 3 has already peaked.
Talk about brave investors buying on the dips. This kind of a move always coincides with a major top, and once they realize that the DJIA has crashed to 15,000 then we should hear news about funds flowing out again. We are in such a big inflated stock and housing bubble that nobody can afford anything decent to even rent in.
This has all happen before just in a different time period. Gold has finished a 30 year silver/gold mania peak n 2011, and it is far from finishing it’s correction. This is just the 90 min Death Cross set-up, as I have more Death Crosses than I can count! This is my third stock market crash I have called, even though my degree levels were of the charts!
There is a time to invest, and a time to sell and trade, and this record high is not my idea of smart investing.
Apple still has to flop as the rest wil drag everything down. No Little $1000 phone will stop that from happening. I love Apple products as I do all my work on my second iMac.
If you don’t think that the markets will crash then just spend a few hours and research everything about the world wide fertility crash that has been going on since the 1950’s.
I use my own indicators that I have developed over the years, and it is all based on gold and its ratio. I might have 10-15 of these ratios in a book and my record high expensive ratio for the DJIA was about 17.24:1. This means it took 17.24 ounces of gold to buy one unit of the DOW. This record has been blown out of the water, as this morning the Gold/DJIA ratio hit 21:1! Yikes!