Thursday, April 11, 2019

Stock market crash in October 2019

There may be a stock market crash in October.  I have made so many false predictions that this is likely to be wrong too.  But read this https://www.zerohedge.com/news/2019-04-11/combustion-cometh-central-banks-are-hopelessly-trapped .  "From October 1987 to October 2019 and all points meeting there for quadruple confluence suggesting a massive technical reaction to take place there at a point where key individual stocks would be massively overbought and disconnected from the underlying economy. A classic megaphone structure that suggests a 30% drop from the pattern top."  So, to restate, there are FOUR trends that all converge at the same point.

Just for fun, let's throw a random date out there.  How about Monday, October 21, 2019, almost exactly 42 years after Black Monday?  

I've also thrown out September 30, 2019 as a date to watch.


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