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Boris Chikvashvili

Boris Chikvashvili

Boris Chikvashvili was supposed to be a theoretical physicist (Russia+Jerusalem Hebrew University, MS Physics, with distinction, toyed with QUARKS). Somewhere on the road to PHD…

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(Mini) Crash May Have Started, Keep The Stops Above Today's High

Originally published December 8 with chart uodated December 12, 2014.

We have posted to our subscribers the exact day the markets will top, which was the day of Thanksgiving (±1) trading day.

That is exactly what we got in broader indices like NYA and IWM, while the deception of new highs by DOW/SPX/NASDAQ has "CONFUSED"/"PUT TO SLEEP" everybody into belief that this market will never go down again.

Well, we posted our last article at safehaven.com as well where we described the likely top in November. Now, all that is left is to place stop above the highs of yesterday and let it roll.

The top being in place is not guaranteed, but for those that shorted it around/above 1970, things look easier, as risk is minimal. We are not recommending shorting markets now, just protective stops to those who, are already short from higher levels.

Below please observe what our subscribers knew months ahead, that is the top is likely around Thanksgiving!!!

 

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