Friday, September 18, 2015

The 1929 Moment: Base Case Scenario

Shorts covering into the Fed blast-off will lead to a no-bid market amid global currency meltdown.

Consumer sentiment peaked 8 months ago. Stock market momentum went negative 8 months ago. The subsequent (S&P) top in broad daylight ending in Flash Crash, is a frying pan to the head that the bear market is already well underway, complete with hopium based counter-trend rallies. The first of which is now ending...

1929 Dow

2015 Nasdaq 100

Monthly Momentum Divergence (MACD) confirms the third top in 20 years...