- Posted July 17, 2014 by
Stock Market Crash Alert
The various indices have given several strong reversal indications using the Advanced Andrews Course and Expanded Course methods.
Today in addition to a very strong sell indication, posted here, prices closed on the low end of the range past the median line. Historical studies lead this writer to believe that when prices close past this line the next target is the far parallel line. This line often provides support as investors rush in to pick up bargains.
This time it is a little different. There are several factors that lead this writer to believe that the market will exceed that line. One of them is that the location of the far H tomorrow is past a critical value. This suggests that prices will go further than the far parallel.
In addition a pattern is in place near the high that leads this researcher to believe that a very strong down move is a real possibility.
A 20% correction was predicted early in the year, along with the stock market closing up on the year. This was all forecast by a well respected pundit. If this comes to pass, this summer will have an incredible buying opportunity.
When the market makes a move of 20% in a short period of time many consider this a mini crash.