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Is Disaster Eminent?

Jan. 30, 2014 5:05 PM ETF
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Special Situations, Momentum

Seeking Alpha Analyst Since 2012

A personal student of Dr. Andrews of Median Line fame. Has articles published in several magazines including Stocks and Commodities, Futures and Traders World. For over 10 years has been trading and teaching the Advanced Andrews Course at www.andrewscourse.com

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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