As we can see in the video that the S&P 500 had the crash in 2008.
Now, when you have a look at the S&P 500 chart you will be able to see that we had a head and shoulder pattern and then after that we had the market start to turn to the down side.
After a while we had what we know now as the stock market crash.
Now unless you have been hiding underneath a rock , you would now that 2008 was one of the biggest down turns int he stock market. It was all over the news.. newpappers etc.
Every day and I’m sure you know that the the us property market massive hit as well.
So 2008 was a big deal fro all investors.
Now you might be asking.. whats the got to do with anything.
Good question and I’ll will get to the that right now.
The reason why we use charts is because it really tell us whats really going on it the world. The better we get at reading chart the better we can see whats going in the world if you looking at the top average 500 stocks charts, which in this case is the ES S&P 500
The point I’m making here is that the excat same patter we saw in 2008 before the market fell is the all most the same as we are seeing now.
YES – the market does look weak now and if we stall hear and we do form the head shoulder we are liley to see alot more downside to come.
As always make sure you are education and don’t beep greed just be protected.
John Howell
