Market analysis.."IN POSITION FOR DOWNWAVE NO.2?

Good Sunday Evening friends, East Coast USA. While I passionately write of historic sites I have visited in America and yes, baseball history, my work (and rather successfuly) was "The Markets" and what moves them.
I saw Wall Street from the inside out. Don't believe a lot of what "they" are telling you.

I learned to read "market sentiment". Not just "put/call ratios but how the public reacts on large moves either way. That can help you determine the intermediate term. I also learned who to trust. I am going to give my opinions in summary, but first let's look at Clive Maund's work recently and The legendary Arch Crawford, the best I've ever known and that goes back to Arch's work before I followed him a long while back.

Chart:clivemaund.com

Clive called the top recently at SPX almost 2900. He called it just prior with an all out sell. Arch Crawford in mid December issued a bulletin to all subscribers and even past subscriber that the MARKET WOULD TOP JAN. 25th PLUS OR MINUS THREE DAYS. No big deal. Arch called '08, 1987 and other important tops and bottoms for years. He is not for day traders. Crawford called the Bitcoin top just prior to 20,000 also to nearly the day.

Maund's chart kind of speaks for itself. You can catch his "snippets" on www.goldseek.com regularly. For Crawford, hear the audio update about monthly on www.crawfordperspectives.com. That is if you do not subscribe. Crawford is very negative long term on the bond and stock markets, very very bullish long term on silver and gold. On Bitcoin? He says we may rally back to 13,000 but that's a bout it for now.

My take? I saw very bearish sentiment in late December and have posts to show BEFORE Jan. 25th...(The stock indexes)
I continue to say divirsify now into gold and silver may be better! THE DOLLAR has no where to go but down and down substantially. Expect a 25 % decline from where we are at a minimum over the next couple of years. The Fed is in a complete quandry: raise rates to help the dollar? bad. Allow the dollar to decline? big inflation. By the way do you believe the inflation numbers you are being told (lied to?).
The DOW is now at about 30 times earnings...always dangerous territory. My forecast? We go higher short term. The sentiment indicators are positive....far too much put buying by the losing public gamblers. We may sucker people in on a move possibly to the highs. You will be told it was just a 10 per cent normal correction in a bull market. Nonsense. Not with these fundamentals. Then, later in 2018 the real decline begins and is a long term deal. Very long. You see the Chinese, for one thing, are not thrilled with Make America Great Again. They want a gold backed currency. They hold US debt. and are becoming a big debtor nation themselves. Our debt. load and the worldwide epidemic of debt is about to wreak havoc on a worldwide basis. Be prepared and be out of paper currency.

Have a great week ahead. Thanks for visitng..and an UPVOTE is always welcome!