Tom DeMark Fears Market Crash

Noted market-timer Tom DeMark did not sound optimistic about the prospects for stocks in an interview with CNBC this morning.

Read more: http://www.businessinsider.com/tom-d...#ixzz2sTYi2QWb

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Our indicator guy seems very concerned

ttp://i.imgur.com/mAx2B1o.png spx
naz 91 n 02 supp line
http://i.imgur.com/Aj4gGvz.png
http://i.imgur.com/mAx2B1o.png same line
transports hit an all time trendline in jan broke it and fell below,also setting up a hns
http://i.imgur.com/NJT5jP0.png
http://i.imgur.com/LdpEP5W. png
http://imgur.com/UZrbvEr dow hit a line from 2000 at the same time is also setting up a possible hns
spx is working a 1814-1735 bell curve and its retraced to the midpoint,its also setting up a nice distribution pattern, hns possibility,furthermore we don't have the fed will back the banks rally mode in the on position any longer, it will take the hypnotized btfd traders a while to change thier psychy's and the opportunity to make money on human weakness will not be overlooked, ........... a stall here and a fall to 1735, could set up the bell below from 1730 to 1670.
http://i.imgur.com/T0tMYs9.png

Who is Tom DeMark and why should I care what he thinks?

He's Good that's all we really need to know
actually he's very honest and says he's not always correct,
but he is much better than most

the markets have been way over a due some form of real correction for at least 6 months
after hitting monthly resistance

others have also predicted the same, and way in advance of Tom Demark (and not EW, they are useless)
for a very big shakeout before a massive super boom in 2017/2018
time will tell i suppose

you shouldn't care, dude!
cause even if you would find out who the fuck is TDM and even if you would freaking understand what he claims,
you'll still be rich, a genius, and yourself!
he's not you, or like you, that's for sure!

These forecasters are on TV at least once every month predicting the beginning of the crash. Eventually one of them is going to guess it right & then everyone will put them on a pedestal for their great prediction. What they won't tell you is it took 8 predictions before they finally got it right. Just like the gold bulls have been predicting gold @ $5000 by ................. Eventually they might be right & be a guru for calling it. Paulson made billions during the crisis, investors threw money @ him & the following year his fund was down 50% betting on a gold rally. He's still holding his gold for the eventual bull run.