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Bear Market Rally still Alive?

Ting ting ting! Yes, an early “Stock Market Crash Alert”? Yes, we got the Dow Theory Reconfirmation last night, an early warning that a “Stock Market Crash” is coming!

When is it likely to start? According to the TA master, maybe in April 2009. According to the Fengshui master, lookout for this next week lor.

Read this, extracted from Dow Market Direction:

"The Weekly Chart shows the Dow is sitting on 12-year support at 7,450. The index has bounced nicely many times after testing this zone throughout the years. There have been clear tests of this level that have led to breaks of at least 200 points, but each false break led to a big upside reversal from lows. We will continue to watch this 7,450 support level very closely, as the entire market is fixated on it.

If the index can hold current lows, we will watch 7,520 for early signs of strength tomorrow. A break through this zone could easily cause another test at 7,675.”

What does the weekly chart for STI show? 1600 as support in my chart! Watch this level!

And take note: That market timing expert I mentioned in yesterday's article had issued buy calls again on Dow for tonight!

Then my TA master forecast Dow might be down first, then rally tonight. If it can break 7500, expect a bear market rally!

Okay for now. Remember to lookout for my article next week - My Exit Strategy before the crash comes!

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