Stocks Almost At End Of Rally

I’ve been telling you for a while that our problems aren’t over, and that our government’s handling of the economy has created a stock market bubble that will burst at some point. This isn’t over yet, no matter what the politicians tell you.

Let me introduce you to Graham Summers. Mr. Summers is Senior Market Strategist at OmniSans Research, and he is co-editor of Gain, Pains, and Capital, OmniSans Research’s free daily e-letter covering the equity, commodity, currency, and real estate markets.

Mr. Summers is now saying that the stock market is showing signs of nearing the end of the rally period, which will probably be followed by a sharp decline in the stock market.
http://www.marketoracle.co.uk/Article14555.html

I’ve been forewarning of a potential Crash for months now. And the market’s current action is PRECISELY what you would expect for a MAJOR top (increased volatility).

It also gives us a great potential target for when things might get ugly: whenever stocks finally break below this expanding pattern (currently the lower end of the range is 1,045 on the S&P 500).

The issue now is whether this rally gives up this week, rolls over and breaks below the trend line… or if there will be some greater push to the upside.

On the other hand, given the recent jump in the dollar we may be about to see a very serious fall in stocks sooner rather than later. Keep your eye on the lower end of the S&P 500’s trendline. When it breaks, bad times are coming fast.

As with anybody who makes predictions about the future of the stock market or the economy, take it with a grain of salt. For me, this isn’t the only warning sign I’ve seen, nor is Mr. Summers the only person talking about this. In my personal opinion, it is coming, guys. And according to this guy… shortly.