Imminent stock market crash! Run to cash and gold now!

[mamboni]

Imminent stock market crash! AAPL is retracing the 1987 stock market crash perfectly.




Peter Schiff agrees:



8 reasons the selloff could get much worse

via MarketWatch:
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% , which was broken Wednesday.
• 1,380 for the S&P 500 SPX -0.71% , which is still holding.
• 2,982 for the Nasdaq Composite NDAQ +0.04% , 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% , 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);
• And last but not least, the U.S. going over the fiscal cliff.

“Bottom line: Investorshttp://images.intellitxt.com/ast/adTypes/icon1.png want to know what catalyst (s) will help the market rally from here,” Sarhan said.

Read more at http://investmentwatchblog.com/the-d...Oe0po5y3Db2.99


When you overlay the two charts of Apple and the ’87 crash, they follow an eerily similar pattern (see chart below)


http://kingworldnews.com/kingworldne...rick%20172.jpg