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Friday, February 7, 2014

The Chart of the Century

Been awhile since I posted one of my sexy charts....But I felt you all needed a blueprint...We have a topping formation, called a Megaphone...As you can see from this monthly chart it has taken quite a long time to form....and it is getting narrower....Slow Stochastics are beginning to roll over from a period of very high plus 80 readings...Using chart, price, candlestick and fibonacci information...I see a price decline by summer time of 1392....that will be a 38.2 retracement from the lows....So short term we might make a nominal new high....But then get your Doomsday puts ready for some serious Bear action!!!!!

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