Chip Smith, A Leading financial Market Analyst from http://sentiment-trader.blogspot.com says the last few months many pundits and leading analysts have been calling for a 1929 like stock market crash in 2014, while he has been telling his clients to look for more lies, and hiding of the truth from Obama and his over paid congressmen. Early in 2014 chip predicted these lies and flooding of money into the market would only rally the market up higher, and that is exactly what has been happening.
So the two questions people want answered here in 2014 is ; Why hasn’t the market crashed? Is there really a market crash coming?
Chip has done well over the years and uses a contrarian approach to trading the stock market and reached out to his investors recently to explain what is going on. He accurately predicted the 2008 stock market crash 3 months before it happened. Last week he gave some of his knowlege and longer term projections and predictions at his blog - http://sentiment-trader.blogspot.com.au/p/vip-elite-group-trial.html where he gave his 3 secrets to trading a bull market, that we seem to be in right now. He also hinted at why investors should be careful in 2014.
Mark Twain once wrote that "History doesn't repeat itself, but it does rhyme." Right now, the stock market has several fractals which present eerily similar patterns to the 2011 market top. Does that mean the market is going to crash this year? Well, no not necessarily, but it does mean that traders should keep on the back foot and look for more warning signs.
Chip warned last week that the mass media have turned bearish because the market kept hitting new highs. He quoted “Just because the market is at new highs, its not a sign to get short, shut your computer down and walk away smiling about the profits you are about to make in the coming crash” Some traders have been doing this since 2010 and it has ended up in heartache and big hefty losses. 2014 will claim more victims he added.
Chip reminisced about the 2006 - 2007 lead up to the crash. “In 2006 and then again in 2007 you had all these analysts and pundits predicting a crash, but the market did not start selling off until the start of 2008” so he is warning his members to be careful and not fall for the trap of the mass media.
As far as the market fractals to which he referred, the Nasdaq seems to have seven steps setting up in a similar fashion to 2011, and the Russell 2000 IWM -0.21% seems to have six steps. In fact, the Nasdaq seems to have the cleanest of the perspectives as it relates to the fractal, along with the market technicals, while the IWM seems to simply be presenting as a standard heads-and-shoulders-type pattern.
In an interview earlier this year, Chip talked about the getting through 2014 first. “Its always better to focus on the short term first” He said. Chip a man of his craft is very well known for his accurate short term predictions in the market, and told interviewers “right now there is nothing to be alarmed at, but traders should be cautious going into the end of 2014” There are some warning signs which are alarming, but nothing to tell us the market is about to crash hard like it did back in 2008.
Most people are not in tune with the market right now, and most think that a crash is due, because the market has gone up too high in the last few years. Chip was quoted as saying “Bull markets do not just decide to stop one day, or in a week, and then crash to ground zero. The current bull market is no different and there is a ways to go yet, in my opinion”
Chips studies and recommendations are said to be the best around, as he has a select criteria and a secret strategy. This gives him the a leading edge and ability to predict market movements before they happen, and his track record he seems to be a man who knows what he is talking about, as he has gained much media attention and also been sort after by many wall street traders, highly elite investors and fortune 500 companies for his services in the last several years.
Chip has a fantastic track record and normally charges exuberant fees for his training, however he has opened his private VIP trading network for the next 7 days, FREE OF CHARGE at http://sentiment-trader.blogspot.com.au/p/vip-elite-group-trial.html where Chip shows investors what the big guys on wall street are looking at and why they are always profitable. Now you too have the chance to see how easy it is to profit in 2014 as the bull market continues.
About The Sentiment Trader:
Chip Smith is a full time trader, well renowned for his accuracy in calling stock market movements before they happen. He trains amateur investors and fortune 500 companies in see where the big opportunities lie with individual stocks, S&P 500, commodities, crude and other vehicles on the market. For more Please visit - http://sentiment-trader.blogspot.com
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Brisbane, Queensland - Australia