Is Disaster Eminent?
Special Situations, Momentum
Seeking Alpha Analyst Since 2012
Back on October 16 1987 I had the same feeling. I announced it to a group I was teaching at the time. It was as a result of looking at some charts. Fortunately nothing blew up and killed people back then, it was just a lot of people selling at the same time on the same day......a few days later......black monday.
The chart patterns are different this time and there is one that I find curious.....there is someone out there that drew an analog to the 1929 crash using the present market. Yep he was a few days off of the high he predicted on January 14 ........but who's counting.
At this time all of the Andrew/Babson work is pointing in the same direction. To see my new indicator check out the andrewspitchfork site.
Disclosure: I am long TVIX.
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