Since the second half of last year, I have been turned overall long term bearish on the markets. Those who followed me and been to my market outlook talks would think I am a naturally bearish guy on the markets but it is not true. Since 2010, I have been have been trading the markets with an overall long term bullish view on the markets.
As a trader who use technicals to trade, I analyse the markets based on the charts. So my bearish sentiment comes from analysing the markets through the charts. By using the charts, I am able forecasted the small market crash in July 2015 during the greece crisis and a crash in a bigger extent in August 2015 during the china crisis which caused the dow jones to drop over 2000 points in just 4 trading days. As a technical analyst, I cannot tell you what events or news will move the markets. But using the charts, I can see when a shift is likely to happen.
And right now I am even more bearish than ever, because the chart shows a shift is even more imminent. It also seems like more and more technical traders and analyst are sharing my view and sentiment as well. One of them is this technical analyst who according to the article I just read, forecasted 4 market crashes in the past. I like to share this article with all of you and I hope you enjoy it. Please click the link to read it at http://www.businessinsider.sg/sandy-jadeja-interview-technical-analysis-dow-jones-market-crash-forecasts-2016-6/?r=UK&IR=T#.V2uMFfl95QI
Big crisis lies great opportunities and I believe great opportunity are in stored for the future and I hope all of you out there are equiped with the tools, skillsets and knowledge to take full advantage of it. Even if you are not equip, at least protect yourself thereby protecting your wealth from depreciating. Like I said (which some of you may have heard me say before), one of the greatest wealth transfer in history is starting (the brewing part is almost over, and so it’s starting)