Urgent! A Major Stock Market Crash Is Just Weeks Away: Imminent Third Death Cross" Coming That Will "Change the Landscape of the Entire World"
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Gregory Mannarino, who is a trader and has a knack for accurately analyzing market data is warning of a Third Death Cross” That Will “Change The Landscape Of The Entire World”
Gregory warns, Two critical events have already occurred, and a third appears to be just weeks away.
Take notice to the first white circle 1. This technical event occurred when the yellow 50 day moving average crossed the blue 100 day moving average. Several days after this event occurred, downward pressure on the market intensified. Now take notice to the second white circle
2. In this technical event the yellow 50 day moving average crossed the red 200 day moving average, and just a few days later stocks plunged.
Now look at circle 3. The yellow 50 day moving average appears to be closing in on the purple 300 day moving average.
It is my contention that when this event occurs, and it appears to be just weeks away, a MAJOR stock market event will occur. We can expect a massive loss in the value of stocks, one which has the potential to be the financial event of our lifetime.
**Unless something intervenes, perhaps another technical occurrence which prevents this 3rd technical event from happening, we may be just weeks away from financial Armageddon.
We are entering the Financial Perfect Storm. Don’t believe the hype that Markets have corrected themselves. We are for one hell of a ride real soon in September. You better buckle up!
Related Articles. Seeking Alpha http://seekingalpha.com/instablog/29482055-gregory-mannarino/4318726-the-stock-market-crash-of-15-has-already-begun-and-its-about-to-get-much-worse
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Whistler Blowers, Insiders
Actually, the NYA, which is a much broader and less manipulated index (therefore more representative the real market), already made a 50/300 death cross last week. The question is whether this nasty event is a tell all, and the answer is Mr. Mannarino can’t really say this, as there is no “holy grail” technical anything. While agreeing the situation is dire, the velocity of money is telling more than any moving averages, and the velocity of money has tanked, indicating the economy is almost catatonic.
Imminent Third Death Cross” Coming That Will “Change the Landscape of the Entire World”
Something people should do, in the interest of honesty, is tone down the phony rhetoric. This is the problem with click whoring, citizen journalism. This 50/300 death cross, which would always be following the usual 50/200 in a steep decline, also happened in 2011 and did not “change the landscape of the entire world.” To say one technical indicator points to, as if, the second coming of Jesus Christ is either very ignorant or somebody grabbing for attention, either way not intellectually honest or mature, especially from a guy like Mannarino, who’s spends entire bull markets, telling people the sky is falling. Not that I don’t agree there’s a real problem now, but all the juvenile hype and rhetoric, as well as technically amateurish claims, could be dispensed with. Am I the only one who tires of these self-proclaimed oracles, with their chicken entrails, incessantly up to grabbing for clicks and YouTube views by some hyped, deceptive headline?
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