17. March 2011 01:50
As horrific as the events in Japan have been, make no mistake, the markets were going to fall anyway.
The OVI on the S&P and Nasdaq has been pointing the way for almost an entire month now, with the indices and major stocks exhibiting the bearish megaphone patterns that I've made reference to in previous emails and blogs.
Notice also how volatility has risen with the indices, starting with the QQQQ.
The same goes for the S&P (SPY)
Even the strongest stocks like AAPL broke support today ... we've been saying it was on the cards for some time for the markets.
All you have to do is pay attention to the patterns and the OVI ... then it's just a matter of putting our trading plan into place with very little risk.
We're hoping to release the new Private Traders Club this weekend ... more will follow over the next few months and if you're not already an inner circle member I'll soon show you how to join so you too can be well ahead of the markets, just like an insider.
All the best