This week I haven't been with much will to post here. However, this has been a very important week in the definition of what might be in place for the next ones.
See here the weekly S&P500 chart. For the first time since the mythical 2009'S March bottom, the trend follower is generating a sell signal!
The way I see it, this may very well be the resume of the bear market. The one that may take us to the floor...to a new economical depression era.
Going back to the 1929's crash, let's see what happenned:
The crash hit the Dow Jone Industrials in Sept/1929 and went through Nov/1929.
Then a rebound occurred until April/1930. In that month, the trend follower throws
a sell signal. What happens next is this:
...nothing more than two years with a bear market in place.
Now it's time to get away from the market or enter short.
This is one of those times when I'd rather be wrong than right.
If I'm wrong better...if I'm right...prepare yourselves to pay the bill for
years and years of capitalism and greedy.
Trade safely.
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