This morning’s trendline shown on the Premarket report missed an important detail that I though should be filled it. The 4.3-year trendline is at 2040.00 as well.

It is possible that the panic decline starts beneath that level, so it follows that aggressive short positions may be taken there.

ZeroHedge shows an interesting chart that should may assist that decision.

ZeroHedge also reports, “First it was five weeks; then it was six straight weeks; then a whopping seven weeks of selling in a row even as the market rose 1.1% higher. And now, in an unprecedented for a bear market rally move, the "smart money", i.e., BofA's hedge funds, institutional, and private clients, have sold stocks for a whopping 8 consecutive weeks.”

Sooner or later they will be correct.

Regards,

Tony

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As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals

Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.

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