I leave you guys with a warning for the equity markets.
Just a reminder, I predicted every wave since August 2009.
Here's my wave count from Nov 2009-Oct 2010 (the chart was made over 6 months ago but I still refer to it today..) --> click here to go to the awesome chart
Some of you can go back to my archive and see this chart where I predicted the rally from March-May to 1200..
warning: The $CPCE is showing way too much bullishness to the extent where I think a 500-2500 point correction is almost for certain but like always, this rally will overextent to Dow 12250-12500
Back in 2007, fund managers got to finally sell 'even' at 1500 on the S&P... Fast forward to 2008.. you had the lehman liquidation at 1250 on the S&P where fund managers couldn't exit in time. You know what will happen at 1250. MASSIVE LIQUIDATION. We may overextend to 1270-1290 but it's a 100% short. At 1270 EVERYBODY IS GOING TO BE LONG. IT'S GOING TO BE SCARY. I am just preparing you guys for the big crash.. It's coming.. 5-15% more upside to go AND THEN BAM. If we don't crash, we are in a new secular bull market and we are going to 20,000 on the DOW. That simple.
