My call for the STOCK MARKET (Scary)

[Briguy]

Many of you remember my post in 2/08 about the market insanity. That was when the dow was at 12,500 and I predicted much more bad to come.

THE MARKET MADE A FATAL TOP IN APRIL. THIS IS CALLED A HEAD AND SHOULDERS PATTERN. THE CHART IS NOW POINTING TO DOW 6547. (within 1 year or less) IF IT BREAKS THAT WE COULD SEE DOW 3300.

As I recommended in 2/08, sit down with your financial advisor. Talk about risk. Talk about removing beta from your portfolio. If you have good profits on individual equities perhaps put in stop loss orders. Cash is the safest place.

By the way, the above prediction is based not on fundamentals but technical patterns. Many of the numbers I follow were created in the 50's and 60's and are no longer followed by really any one on Wall St.

Good luck.