Current Pattern Seems Parallel To The Months Leading Up To The 1929 Crash; Market’s Going To Have One More Rally, Then Crash

TOM DEMARK: This Ominous 1929-Parallel Is Warning Of A Market Crash

"The market’s going to have one more rally, then once we get above that high, I think it’s going to be more treacherous," DeMark says. "I think it’s all preordained right now." He feels this is probably irrespective of how and when the crippling impasse in Washington is resolved.

"If you look at the new highs and new lows on the [New York Stock Exchange]," he says, "every time we made a higher high, there were fewer stocks in the index participating in that high. It’s getting narrower." And once that happens, you typically get a collapse.



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Last Edited by Swirling Purple on 10/15/2013 09:24 PM