Part II of the October Monthly Newsletter for you to read
Note: To make big money, you must know when the big trend change and get in early on the new Cycle and ride on it that can last for 4-8 years. Are you prepared? Re
I remain bearish till at least October 9th this month. Downside (probably wave 4) is not completed and it is still possible to see about 1740 in SPX and about 14200 in DOW this month. As the last dive (final capitulation) is round the corner, you should be more alerted. If the price is not seen on this last dive, then The Down-Cycle may be extended to November when we can see new lows.
Once major low is set in around October (or November if extended), we should see a new rally to new high in DOW (to at least (23000)-32000 is also possible on wave 5 by 2017 before the historic crash of about AT LEAST 50%
See Charts below
ACTION TO TAKE (SPX and DOW)
Traders: See my daily and weekly update
and more blogs on my website: www.johnyii.com