Friday, 21 October 2016
Blumont Technical Analysis: 21 October 2016, Friday, 12.15am Singapore Time
Attached above is the technicals of Blumont, a penny stock that is listed in the SGX Singapore Market. The Red Circled regions are my warnings in 2013 to get out of the stocks and equities markets, especially commodities, mid-caps and small-caps, warning live back then that stock investors will mostly bleed badly despite indices looking strong to inflict bad losses for the herd. In 2014, I also warned that based on advanced technicals, Blumont would take a long painful 3 years, from the start of the initial crash in 2013, for a meaningful bottom to start forming, and that would mean 2016 to start to form the base. As it turns out, this is all happening now.
Majority of the herd have lost a lot of money by now as per forewarned in 2013-2015. Majority of the herd are anticipating a bear market now and see no reason for markets to go up. Hence, we will not only have a rally in 2017 amidst all the gloom and doom, we will have a SUPER RALLY. This will make a lot of hearts crumble because financial markets will cause the herd to be wrong again, having successfully made them believe with conviction that there is no reason for markets to rally but plenty of reason for recession.
DNA Technical Rating:
【Worldwide stock markets to have synchronized super rally in 2H-2016 and 2017.】