The large drop in the market was not a surprise to our paid subscribers because
we issued a Special Report on May 16th. showing why a "precipitous drop" was
coming soon. At that time, we also commented on what I would have told my father
if he was still alive, and we concluded the report with the following paragraph
on May 16th:
"No one knows for sure, but things could be lining up for what could
be a perfect storm. These are risk levels that no one should be exposed to
right now. My Dad passed away last month at 93, but if you were to ask me
what I would have told him now ... I would tell him to Get Out of the market
right now. So, that is my advice right now, given the total picture we are
seeing. Be safe now and go to cash ... we can always move back in and buy
later if things turn out okay and get better. But for now, I am going
to recommend Selling at the open this morning and going to cash. (Posted
on May 16, 2011.)"
So, we did have that big drop ... what now?
Be sure to come back tomorrow when we will tell you what you "What
you should have on your Radar Screen now".
Marty Chenard is an Advanced Stock Market Technical Analyst that has developed
his own proprietary analytical tools and stock market models. As a result,
he was out of the market two weeks before the 1987 Crash in the most recent
Bear Market he faxed his Members in March 2000 telling them all to SELL. He
is an advanced technical analyst and not an investment advisor, nor a securities
broker.
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