“The 5+ year stocks bull market continues to tighten its noose around the bears throats, though despite reddening faces and bulging eyes this has not halted the increasingly exasperated calls for the stocks bull markets always imminent end to definitely end this time.
The stocks bull market has confounded, ALL and I mean ALL, that following each economic data release, that following so called ‘expert’ stocks trend analysis, that following escalating wars in Ukraine and the Khazar Empires rampage on the defenseless population of Palestine such as on the Gaza concentration camp now killing over 400 of the closest descendants of the original Jews of the region of 2000 years ago, that following even the Russian Mafia blasting a large passenger plane out of the sky killing near 300 which is the primary focus of U.S. Media as it looks at past air liners shot down whilst convientely forgetting the Iranian Passenger plane that the U.S. Shot down in 1988 killing all 290 on board.
All of which must, mean with near religious End Times fervour that this time the stocks bull market MUST have ended, only to find that the few percentages drop in the stock indices once more reversed towards a trend to NEW ALL TIME HIGHs as illustrated by indices such as the Dow.
The Dow reversed Thursdays price drop on the back of the Putin’s terror henchmen blasting Flight MH17 out of east Ukrainian sky that the perma fanatically stock armageddonists had convinced themselves had heralded an end to the stocks bull market that as usual was regurgitated at length by the mainstream financial media.
Dow Summer Correction Fails to Materialise
My last in-depth look at the stock market concluded in the following trend expectation for a significant correction into the end of June before the Dow marched to new all time highs by early August.
05 Jun 2014 – Stock Market Dow Trend Forecast Summer 2014
Stock Market Forecast Conclusion
The final conclusion for the Stock Market is for the Dow’s rally to shortly terminate just before reaching 17k, probably at around Dow 16,950, then for the Dow to target a swift downtrend in to the range of 16,200 to 16,000 that may even bottom before the end of June. Which would set the scene for the stock market’s next assault on Dow 17k into early August as illustrated by the below forecast graph, a failure of which I imagine would subsequently prompt many perma bears to start screaming DOUBLE TOP at the top of their lungs on the likes of CNBC and regurgitated at length by the blogosfear.
The Dangers of Stock Market Rallying Without Correcting
The stock market trend since my last analysis whilst volatile has nevertheless been bullish and thus failed to unwind bullish sentiment despite the occasional sharp 1 day drops that failed to trigger a meaningful correction which to me implies –
a. A stronger correction is now more probable
b. The probability for an ACTUAL ‘THE TOP’ materialising in the stock market has increased to what percent ? Best guess 25%.
Is the Stocks Bull Market Over?
To reiterate what I have periodically and unequivocally stated for the PAST FIVE YEARS and once more excerpted below, taken from an article when the Dow was significantly LOWER.
03 Oct 2013 – U.S. Government Shutdown Great for Stocks Bull Market, Bears Will be Crucified Again
The bottom line is this the US government shutdown is GREAT NEWS! because for bull markets to persist and continue they NEED BAD NEWS every few months, THEY NEED MOST PEOPLE TO BE SKEPTICAL, TOO AFRAID TO INVEST! And so it continues to be the case for the DURATION OF THIS BULL MARKET, where over 90%, NINTEY PERCENT OF Market commentators have been WRONG and continue to be WRONG, Everyone who has just proclaimed its END IS WRONG and Will BE CRUCIFIED, just as they have been crucified at every market turn for the past FIVE YEARS !…..”
If you enjoy the content at iBankCoin, please follow us on Twitter
