Good morning Traders,
Back in 2005, Mark McMillan joined us writing an ETF Trading Service. The service comes with access to his personal chat room. For the past two years, we’ve closed the service to new subscribers, but as he approaches his 10 year anniversary with us this June, we’re opening it back up to let new subscribers in. One of the reasons is that we see a significant correction developing in the markets – and we want to make our most experienced advisors available to you to help you through it. This condition doesn’t happen all that often in history, and I’ll walk through it below.
So what do we see?
In this first chart, we see a LPPL Curve of the DOW JONES approaching the 1929 top. This Log Periodic Power Law curve is a formulation that fits when you get a series of higher highs and higher lows and cycles and depth diminishing in time.
Here’s the DOW JONES approaching the 2008 top:
This pattern repeats again in the DOW approaching the 2008 top. It’s repeated before most crashes and bubbles going back to the beginning of markets.
So what does it mean for us?
The above chart shows the rapid climb in the USD index. But it also shows the QQQs (Nasdaq 100) since the 2009 stock market bottom. And you guessed it, a perfect LPPL structure. This doesn’t bode well for financial markets. But the question is always WHEN will the bubble burst?
We’re always looking for signs of things breaking down in the economy. With Jobs, they’re always bullish at a top. As a divergence develops, it can lead or confirm a bearish move in the markets.
Above we see a component of sentiment in the market – and an uptick in uncertainty. This condition normally exists before corrections. Corrections come about because Imitation is a big driver in the market. We’ll have more on that later…
And our last chart above shows the ECRI data – the uptick is bullish for the markets and part of our mid term call for a final thrust higher into April/May and then for things to get ugly…
Since 2005, Mark McMillan has been writing a daily article on the financial markets. That type of experience is hard to come by. Not only to see market turns over the past decade plus, but to advise traders how to position (or not to) through the move.
And access to his personal chat room where you can hear him talk and address issues intra day – makes this opportunity that much better!
And we’ll throw in a 52-page presentation on Bubbles that will blow your mind and help you understand what to expect when this market collapses.
All for only $1.
Don’t forget to USE DISCOUNT CODE TMP1 when signing up.
Carl Adams, Publisher
PS – Again, this is a limited time offer, so subscribe today and join Mark’s subscribers in the chat room during the trading day. CLICK HERE TO SIGN UP
and don’t forget to USE DISCOUNT CODE TMP1
when signing up.