Special Alert: Gold Tanks… Markets Roar to Life, Look Set to Rally

In the face of all this bearish sentiment on global markets, global recession fears and debt Armageddon in Europe… the markets are now overextended to the downside and are set for a fierce rally. Over the last 3 weeks strong support for the S & P has appeared at 1120 where investors have clearly drawn a line in the sand. At the same time a big technical buy pattern is forming in a double bottom that looks to be shaping up in favor of the bulls
 
 

This market has been driven on emotions, not fundamentals. The machines are manipulating your emotion creating huge swings in volatility. One thing is very clear in my mind, no one wants to sell below 1120. With gold tanking making a classic top, that signals fear is coming out of this market for now. It is time for clearer heads to prevail and value hunters to go out and find bargains. 

It is time for a rally. 


Gold was a huge fear trade and today signals a change in sentiment. There is at least $100 to $150 dollars of fear built into this trade and ther fear needs to unwind before gold can go higher



 

It is now time for a general market rally. 



Read the rest of the article at...


Beat the Market Stock Picks: Markets Look Set to Rally