Enlarge any chart by clicking on it.

Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because
CONFIRMATION is a MUST. In other words, you need to see a 15min candlestick that CLOSES beyond
the entry point, then enter when it moves 10cents after the high/low of that candlestick.

Saturday, August 4, 2012

LOOK FOR STRONG AUGUST AND CRASH THAT STARTS GRADUALLY FROM NOVEMBER.

I believe August is going to be a strong month for stocks with the SPX going as high as 1450. It will be the best month for the year (and the strongest in over 10months).
Very important is the fact that it is also going to be the last solid month for stocks before things fall apart with a massive drop starting in November.

FOR THE REMAINDER OF THE YEAR:
August - Strong Up
September - Small Down
October - Small Up (that will take price to the high for the year - 1470ish).
November - Down
December - Real sell-off begins which will go on for months.
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