We have had a lot of people emailing today asking what has been happening with the market. The dow peeled off 4% today and its action is very interesting. Have a look at the latest S&P Chart below.

You can clearly see that January was not a good start to this year and we have clearly broken some significant levels. Alot of the Greece and Spain default news is hitting the markets and people around the world. And it is doing a lot of damage. I remember talking about this in my newsletter some months ago.

Seems that the bulls have the noose around their neck. But there are no surprises here. Why have we been going up that much!!? was there any self reliant evidence that things were improving. NO! so why are people so panicy as we sold off HARD today.

It was bound to happen. Alot of people don’t believe me when cuss the government and their games. They want you to think things are improving but you will see over the next few years the BIG BIG BIG changes coming. I cant say it enough. Don’t panic, I am not giving you a Will Smith I AM LEGEND scenario, but I will let you know there are big changes coming.

For now we just watch and wait with this market action. I have much to say and have decided that so many of my followers are well behaved I am going to give you all a FREE trends alert that only our PAID members receive.

I will be back in the office tomorrow and release this on the blogosphere here. Make sure you have a look, as we feel it is a very important update. One of the most important in 2010.

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Tags: economic collapse, Forecast for tomrorow, stockmarket, trends alert

This entry was posted on Friday, February 5th, 2010 at 12:22 am and is filed under || ECONOMY ||, || FORECASTS ||. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.