The document discusses Harry Dent's prediction of an impending stock market crash. It notes that the S&P 500 broke through a channel that had held for over four years, which is seen as a significant warning sign. Charts are presented showing the S&P 500 rising in a predictable pattern over the past years, but recently breaking down through long-held resistance levels, signaling that the bubble has finally popped and a major market crash is beginning. The document advises readers not to be fooled by a potential temporary rally and to protect themselves.
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Harry Dent: The Big Break
1. The Big Break
Harry Dent, Founder of Dent Research and
forecaster of the Japan collapse, the dot.com
boom and bust, the real estate bust, and the 2008
crash has been warning of an epic bust ahead.
After the Dow’s historic 1,000 point drop, is this
the beginning of the end?
Just one of Harry’s charts says: YES!
2. The Game Changer
S&P 500 Channel
1,000
1,200
1,400
1,600
1,800
2,000
2,200
Aug-11
Oct-11
Dec-11
Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Feb-13
Apr-13
Jun-13
Aug-13
Oct-13
Dec-13
Feb-14
Apr-14
Jun-14
Aug-14
Oct-14
Dec-14
Feb-15
Apr-15
Jun-15
Aug-15
Oct-15
Source: Yahoo! Finance
1
2
3
4
5
The Crash is here. The S&P 500 broke
through a channel that has held for over
four years. It’s a game-changer.
5. The Rising S&P 500 Channel
1,000
1,200
1,400
1,600
1,800
2,000
2,200
Aug-11
Oct-11
Dec-11
Feb-12
Apr-12
Jun-12
Aug-12
Oct-12
Dec-12
Feb-13
Apr-13
Jun-13
Aug-13
Oct-13
Dec-13
Feb-14
Apr-14
Jun-14
Aug-14
Oct-14
Dec-14
Feb-15
Apr-15
Jun-15
Aug-15
Oct-15
Source: Yahoo! Finance
1
2
3
In its channel, the index predictably
followed the classic Elliott Wave 5-
wave pattern, hitting its third wave
peak on September 9, 2014.
6. The Third Wave Hits
1,500
1,700
1,900
2,100
Jun-14
Aug-14
Oct-14
Dec-14
Feb-15
Apr-15
Jun-15
Aug-15
Oct-15
Source: Yahoo! Finance
3
2,019
September 19, 2014
Here’s a closer look.
7. The Fourth Wave Correction
1,500
1,700
1,900
2,100
Jun-14
Aug-14
Oct-14
Dec-14
Feb-15
Apr-15
Jun-15
Aug-15
Oct-15
Source: Yahoo! Finance
3
4
1,835
October 16, 2014
A classic, sharp, 4th wave correction
quickly ensued. It finally ended with the
support of the bottom channel line.
8. Top of the Channel Hit
1,500
1,700
1,900
2,100
Jun-14
Aug-14
Oct-14
Dec-14
Feb-15
Apr-15
Jun-15
Aug-15
Oct-15
Source: Yahoo! Finance
3
4
2,075
November 28, 2014
A rally the following month tested the channel
top, but couldn’t quite break through.
9. The Fifth Wave Market Peak
Rounded and Failing Top
1,500
1,700
1,900
2,100
Jun-14
Aug-14
Oct-14
Dec-14
Feb-15
Apr-15
Jun-15
Aug-15
Oct-15
Source: Yahoo! Finance
3
4
5
2,135
May 20, 2015
The S&P never quite met the channel top again.
It finally limped into a 5th wave peak on May 20,
2015, forming a rounded and failing top.
13. Forecast: Two Likely Scenarios
1,500
1,700
1,900
2,100
Jun-14
Aug-14
Oct-14
Dec-14
Feb-15
Apr-15
Jun-15
Aug-15
Oct-15
Source: Yahoo! Finance
3
4
5
This is likely the beginning of a major market crash.
Don’t be fooled by a temporary rally.
Find out how to protect yourself by signing up to our FREE
newsletter at www.economyandmarkets.com
Notas do Editor
The Crash is here. The S&P 500 broke through a channel that held for over four years. It’s a game-changer.
The Crash is here. The S&P 500 broke through a channel that held for over four years. It’s a game-changer.
Now that it’s broken through, there’s nothing to stop it.
In its channel, the index predictably followed the classic Elliott Wave 5-wave pattern, hitting its third wave on September 9, 2014.
Here’s a closer look.
A classic, sharp, fourth wave correction quickly ensued. It finally bottomed with the support of the channel line.
A rally the following month tested the channel top, but couldn’t quite break through.
The S&P never quite met the channel top again. It finally limped into a peak on May 20, 2015, forming a rounded and failing top.
Our Fed-induced market bubble staggered for weeks. It finally closed on the bottom channel line on August 20, 2015. The moment of truth.
This time, it fell right through the long-held resistance, a clear signal that this bubble has finally popped.
And it’s only fell further.
Remember, this is only the beginning of a major market crash. Don’t be fooled by a temporary rally. Find out how you protect yourself by signing up to our FREE newsletter at www.economyandmarkets.com