-In our July 16th report titled Hello and Goodbye to DOW 14,000,” our opening line highlighted in red said, “we are more convinced than ever before that we are about to drop like a stone starting next week.” Also, in our July 23rd report we said, “I want to reiterate that the BAM model has a current set-up calling for a tremendous straight-line decline. The reason I’ve been so adamant about the nature of this decline off the top (straight-line as opposed to a rounding top) is that never before in my work have I seen such a large number of sell signals (in a variety of time frame models) all ready to trigger simultaneously. A straight-line decline is very rare coming directly off a new all-time high but that’s exactly what I’m calling for. (Look back at the February decline and double it in brutality if you want to get an idea of what I’m expecting to kick off this bear trend.)”
Full report coming soon
