The Market Will Drop Fast -- Don't Waste Another Second
by Chris Rowe 06/23/09We can also see, in the momentum indicators, a negative divergence.
You can see that the higher highs in the market occurred where we also saw lower highs in the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) (see the purple dots and diagonal red lines).
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This is a precursor to a reversal of the uptrend.
Position Yourself to Profit From a Plummet
The external market and the internal market agree. Anyone who tells you, now, that the market has more upside should not be in the market.
Of course, anything can happen, but the odds enormously favor more downside during the coming weeks to months. Based on what I'm seeing, there is about an 85%-90% chance the market moves lower.
It's time to significantly reduce your bullish exposure and get positioned to profit from stocks moving lower. (Learn How to Pick the Right Put Option.)
Remember, you have not missed out on all the market's downside. There is still money to be made, and there is no time like the present to benefit from the market's next move. Play it and get paid this time instead of watching your recent gains disappear. Don't wait another minute.
Many of you will consider what I'm saying, and sit and think about what to do, or you'll wait for the market to move up again first. The rest of you will make money -- as long as you take action. Execute!
Chris Rowe is the Chief Investment Officer for Tycoon Publishing's The Trend Rider. To learn more about him, read his bio.
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