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Silver and S&P Similarities – Tops and Bottoms

by Gary Christenson, Deviant Investor:

  • Tops occurred about every seven years. Tops were usually rounded, followed by intense drops.
  • Tops were approximately Aug. 1987, Jan. 1994, March 2000, Oct. 2007, and May 2015.
  • Once the S&P broke below the red up-trending support lines in 2000, 2007, and (probably) in 2015, the rally was over and large corrections occurred.
  • The next large move in the S&P looks like it should be, based on history, a substantial correction to the 600 – 1,400 range.
  • Other Considerations:

    1. Federal Reserve easy money has helped create the last six years of S&P rally. The Fed has been propping up the stock and bond markets while it has been antagonistic to the silver and gold markets.
    2. Investors, Wall Street, pension funds, and more will scream in anguish if the S&P crashes. The upcoming correction/crash could be worse than the 2008 crash.
    3. Market breadth, P/E ratios, other fundamentals, crashing commodity prices, and accelerating wars also indicate a likely correction.
    4. We have been warned, just as we were in 2000 and 2007.

    Shorter Term:

    Examine the weekly S&P 500 on a log scale for two periods, 2003 – 2008, and 2010 – 2015.  There are similarities.

    S-S&P-wkly-3

    Read More @ DeviantInvestor.com

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