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Stock Market Melt Down at Hand?

Stock-Markets / Stock Markets 2016 Jan 04, 2016 - 05:31 PM GMT

By: Brad_Gudgeon

Stock-Markets

Over the weekend I had written that I believed the market would go up first before dropping.  I had based that on the normal Mercury retrograde topping action of the past.  I also warned that the market was acting screwy too and the unexpected may happen, especially in light of recent events and the horrible astros this week. My subscribers were warned over the weekend that if the market fell hard Monday, the meltdown scenario would likely be in play for the week.


The astros are not kind this week for the stock market. Last August 24th, we saw the SPX fall into moon in the latter stages of Sagittarius, which would be January 7th  this time around. The larger 100 TD low has a wide variance and can be due this week.  A few weeks ago, I also posted that I had a TLC low due January 6 or 7. 

We are long volatility via UVXY today and long GDX via NUGT. Just a head’s up.  We may be seeing a large drop dead ahead.

Brad Gudgeon
Editor of The BluStar Market Timer

www.blustarmarkettimer.info

The BluStar Market Timer was rated #1 in the world by Timer Trac in 2014, competing with over 1600 market timers. This occurred despite what the author considered a very difficult year for him. Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The website is www.blustarmarkettimer.info To view the details more clearly, you may visit our free chart look at www.blustarcharts.weebly.com Copyright 2015. All Rights Reserved

Copyright 2015, BluStar Market Timer.  All rights reserved.

Disclaimer:  The above information is not intended as investment advice.  Market timers can and do make mistakes.  The above analysis is believed to be reliable, but we cannot be responsible for losses should they occur as a result of using this information.  This article is intended for educational purposes only. Past performance is never a guarantee of future performance.

Brad Gudgeon Archive

© 2005-2016 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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