Chasing Waterfalls

The market has fallen into a pattern since peaking exactly one year ago on May 20, 2015. It grinds sideways in a gradually declining trend for a couple of months, then it heads quickly lower over a waterfall, it spends about a month working to get its footing, then it rallies its way back higher for a month or two. Over the past month, we have been grinding sideways in a gradually declining trend. If this recent pattern holds, the next stock market waterfall may be right around the next bend.

Please click on the link to read more of my article on Seeking Alpha.

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