What's Next - Part 3 Urgent
In the first two installments of What's Next (see below) I posted that the market was heading sharply lower, that new lows were coming and that a crash was very possible, with my best estimate being Monday Oct. 29th! Yesterday's action makes that a very high probability. Today's early rally is probably the last chance to get out before the coming freefall. Most stocks, especially the big name high flyers and the stocks with huge gains over the last few years have SIGNIFICANT percentage declines still to come! Sell this morning into the early rally. I have price targets for most stocks at levels that seem insane.(For example AMZN which I was wrong about earlier this year when I said the gap at 1000 would be seen, will fill that gap before it ultimately bottoms.) Protect your wealth and live to fight another day. There will be great bargains when the dust settles. Chartsmaster
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