I have received an all out sell signal for the Dow Jones Industrials and
S&P 500. The major moving averages on both of these indexes will
trigger sell signals at the close of the market today.
What
does this mean? It means the major influence of the market and
momentum is now DOWN. Sell all rallies and be prepared for a few years of
downside, The last trigger we had was in April of 2003 was to BUY the Dow
Jones at 8900 we have now received an all out SELL on a close TODAY below
12,800.
Does this mean the market will crash or go down
immediately? Not necessarily, many times it will short term rally to
even close to the all time high, but don't be mislead this is a selling
opportunity and be thankful you if you get one.
I Look for
lower Interest rates to continue along with a rapidly declining dollar and
surging Gold, Silver, Energy and Food prices over this time frame.
Stagflation will be the new buzz word on the street. Stagflation will be
here for a while and very profitable for Gold holders during the remainder
of '08. Stagflation is a Stagnant Economy with Inflation.
For more Information call me directly at the number below. Write
this day down on your calendars. Be ready for a few years of a VERY strong
downtrend in the stock market.
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