Courtesy of ZeroHedge. View original post here.
Submitted by Phoenix Capital Research.
The market onslaught of the last week is now staging a snap-back
rally. As I write this Sunday evening the S&P 500 has pushed to
1,143 in the futures markets. This was to be expected as we’d come up
against the neckline for the Head and Shoulders pattern I noted the last
two weeks:
From
a larger perspective, 1,110 is a line of MAJOR support. The S&P 500
spent a major portion of 2010 at this level. It’s also the level at
which the S&P 500 staged its last bounce before entering the 2008
Crash.
So this is THE line to watch in stocks. Once we take it out, we’re
going to 1,000 in short order. By the look of things, it won’t be long.
Indeed, last week we got a confirmed SELL on my proprietary Crash
indicator. This is the SAME indicator that registered before the 1987
Crash, the Tech Crash, and the 2008 collapse.
It’s just triggered again… which means that last week’s sell off is JUST the beginning of what’s coming.
Yes, the GREAT COLLAPSE has begun. The markets will be going to new lows (below the March 2009 lows) in the coming months.
We’re also going to be seeing major banks go under, market crashes, food shortages, government shutdowns, and SYSTEMIC FAILURE.
Yes, I believe that before this mess ends, the financial system as a
whole will have collapsed. What’s coming is going to make 2008 look like
a joke.
Many people will lose everything in this mess. Yes, everything. The
US is going to be defaulting on its debt, paper currencies around the
world will fail. It’s going to be a dark dark time.
If you have
yet to prepare yourself for what’s coming, my Surviving a Crisis Four Times
Worse Than 2008 report can show you how to turn the unfolding disaster
into a time of gains and profits for any investor.
Within its
nine pages I explain precisely how the Second Round of the Crisis will unfold,
where it will hit hardest, and the best means of profiting from it (the very
investments my clients used to make triple digit returns in 2008).
Best of all,
this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com
and click on the OUR FREE REPORTS tab.
Good
Investing!
Graham
Summers
PS. We also
feature four other reports ALL devoted to helping you protect yourself, your
portfolio, and your loved ones from the Second Round of the Great Crisis.
Whether it’s my proprietary Crash Indicator which has caught every crash in the
last 25 years or the best most profitable strategy for individual investors
looking to profit from the upcoming US Debt Default, my reports covers it.
And ALL of
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