A stock market crash is imminent
Gregg Janke
Taomacro.com
Sept 21st, 2015
Equity markets in the U.S. are down about 9% from the highs from earlier in the year. The Dow Jones Industrial Index is down almost 2000 points from the May 19 close of 18,312. The market is struggling to stay afloat on low volume ramp ups that fail to close in on the previous high. The late August spike in higher volume resulted in the fastest drawdown this year, and it is just the beginning. As we move into the latter half of September, and October, we will witness an increase in volatility for both crashes to the downside, and rips to the upside. While the increase in volatility will come with some false rallies, the general trend of the channel will be down. Expect to see a series of crashes similar, but deeper, than the one on August 24th. As large selling volume overwhelms the few buyers, there won’t be much to support the market; less the plunge protection team jumping into action after the sellers have exhausted themselves. This is the base case scenario for the next few months.
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