Is Market CRASH Impending?
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| Stock market forecast 5-23-12 CRASH |
I am getting lot of emails, now a days, requesting to do analyses. That I refer to as an indicator of Universe telling us something bigger is impending. Although, US Stock Markets have lost only 8-11% from their top in April 2012.
Therefore, I looked up on my special proprietary indicator (I have tweaked something already available), which is excellent in calling bottom. I was awed to discover that This indicator has reached to the lowest level, not seen since October 2008 Crash. It has surpassed the low levels of May 2010 Flash Crash, Summer of 2011 Crash. With prices only pull-backed by a small fraction as compared to previous crashes, it is foretelling that we shall see much lower prices in the near future, once the 1,290 area is violated to the downside.
If your are trader, who loves to trade the swing, then I will be watching SPX levels of 1283, 1268, 1230 area for potential bounce.
