mamboni
8th November 2012, 06:29 PM
Imminent stock market crash! AAPL is retracing the 1987 stock market crash perfectly.
http://www.youtube.com/watch?v=1I2TrwiC-FI&feature=player_embedded
Peter Schiff agrees:
http://www.youtube.com/watch?v=lpdXQaCoCfg&feature=player_embedded
8 reasons the selloff could get much worse
via MarketWatch (http://blogs.marketwatch.com/thetell/2012/11/08/8-reasons-the-selloff-could-get-much-worse/):
Moving averages offer average closing prices for a stock or index over a defined period of days, helping traders identify trends.
Among the 200-day moving averages to watch:
12,991 for the Dow Jones Industrial Average DJIA -0.44% (http://marketwatch.com/investing/stock/DJIA), which was broken Wednesday.
1,380 for the S&P 500 SPX -0.71% (http://marketwatch.com/investing/stock/SPX), which is still holding.
2,982 for the Nasdaq Composite NDAQ +0.04% (http://marketwatch.com/investing/stock/NDAQ), also broken Wednesday.
Sarhan said a key question for now is whether the current pullback — so far a relatively mild one — gets worse and enters correction territory, typically defined by a decline of more than 10% from a recent high.
He identifies dangers for the market that could trigger more selling:
Continuing technical deterioration for heavy-hitting stocks like Apple Inc. AAPL -3.05% (http://marketwatch.com/investing/stock/AAPL), which he said broke its 200-DMA last week ;
A European debt-crisis flare up;
Signs of U.S. economy or global economic slowdown;
A new Chinese government that isn’t so friendly to the U.S. (Read: China’s leadership transition raises questions) (http://www.marketwatch.com/story/chinas-leadership-transition-raises-questions-2012-11-07);
And last but not least, the U.S. going over the fiscal cliff.
“Bottom line: Investorshttp://images.intellitxt.com/ast/adTypes/icon1.png (http://gold-silver.us/forum/#) want to know what catalyst (s) will help the market rally from here,” Sarhan said.
Read more at http://investmentwatchblog.com/the-dow-could-potentially-hit-4000-the-stage-has-been-set-for-another-credit-crisis-while-europe-is-heading-for-depression-investors-should-be-shorting-the-market-and-buying-metals-and-hold-for-the/#O9VYjOe0po5y3Db2.99 (http://investmentwatchblog.com/the-dow-could-potentially-hit-4000-the-stage-has-been-set-for-another-credit-crisis-while-europe-is-heading-for-depression-investors-should-be-shorting-the-market-and-buying-metals-and-hold-for-the/#O9VYjOe0po5y3Db2.99)
When you overlay the two charts of Apple and the ’87 crash, they follow an eerily similar pattern (see chart below)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/9_87_Market_Crash_%26_Stocks_Today,_Apple,_Gold,_S ilver_%26_the_VIX_files/KWN%20Fitzpatrick%20172.jpg
http://www.youtube.com/watch?v=1I2TrwiC-FI&feature=player_embedded
Peter Schiff agrees:
http://www.youtube.com/watch?v=lpdXQaCoCfg&feature=player_embedded
8 reasons the selloff could get much worse
via MarketWatch (http://blogs.marketwatch.com/thetell/2012/11/08/8-reasons-the-selloff-could-get-much-worse/):
Moving averages offer average closing prices for a stock or index over a defined period of days, helping traders identify trends.
Among the 200-day moving averages to watch:
12,991 for the Dow Jones Industrial Average DJIA -0.44% (http://marketwatch.com/investing/stock/DJIA), which was broken Wednesday.
1,380 for the S&P 500 SPX -0.71% (http://marketwatch.com/investing/stock/SPX), which is still holding.
2,982 for the Nasdaq Composite NDAQ +0.04% (http://marketwatch.com/investing/stock/NDAQ), also broken Wednesday.
Sarhan said a key question for now is whether the current pullback — so far a relatively mild one — gets worse and enters correction territory, typically defined by a decline of more than 10% from a recent high.
He identifies dangers for the market that could trigger more selling:
Continuing technical deterioration for heavy-hitting stocks like Apple Inc. AAPL -3.05% (http://marketwatch.com/investing/stock/AAPL), which he said broke its 200-DMA last week ;
A European debt-crisis flare up;
Signs of U.S. economy or global economic slowdown;
A new Chinese government that isn’t so friendly to the U.S. (Read: China’s leadership transition raises questions) (http://www.marketwatch.com/story/chinas-leadership-transition-raises-questions-2012-11-07);
And last but not least, the U.S. going over the fiscal cliff.
“Bottom line: Investorshttp://images.intellitxt.com/ast/adTypes/icon1.png (http://gold-silver.us/forum/#) want to know what catalyst (s) will help the market rally from here,” Sarhan said.
Read more at http://investmentwatchblog.com/the-dow-could-potentially-hit-4000-the-stage-has-been-set-for-another-credit-crisis-while-europe-is-heading-for-depression-investors-should-be-shorting-the-market-and-buying-metals-and-hold-for-the/#O9VYjOe0po5y3Db2.99 (http://investmentwatchblog.com/the-dow-could-potentially-hit-4000-the-stage-has-been-set-for-another-credit-crisis-while-europe-is-heading-for-depression-investors-should-be-shorting-the-market-and-buying-metals-and-hold-for-the/#O9VYjOe0po5y3Db2.99)
When you overlay the two charts of Apple and the ’87 crash, they follow an eerily similar pattern (see chart below)
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/11/9_87_Market_Crash_%26_Stocks_Today,_Apple,_Gold,_S ilver_%26_the_VIX_files/KWN%20Fitzpatrick%20172.jpg