ANOTHER SELL-OFF, BUT YET NO PANIC

Now it becomes reality this is what we mentioned long before, even though I did not expect it to take place in November. Remember our seminar in February 2018 – Financial Tsunami. Oil is down by almost 7% for the day, crashing the most in 3 years on a single day. Crypto currencies are down almost 10 percent for the day, some like Ether are already down by 12%. Bitcoin Gold is down by 25%. This is a sell-off in cryptos and oil as well. And oil created a death cross, this is when the 50 moving average line crossed the 200 moving average line in the daily chart. A death cross is usually followed by tremendous losses once it is created. The Dow Jones Industrial down 2,5%, SNP500 -2,1% and the Nasdaq is down by 2,25%, while the DAx is down by just 1,6% to 11056 so far, minutes ahead of the close. The DAX is indeed extremely oversold, almost 78% are long, expecting the market to go up now. That means that only 22% of all market investors expect the market to fall deeper. But more important is the speed of change in the Sentiment, proving that most short positions are already closed. It happened within the past two days. This is an evidence that the market will make a brief stop with its correction and is expected to go up. Furthermore 75% in the Dow Jones are long and 58% in the SNP are long, and in the most important index of those days, the Nasdaq are 71% long expecting the market to turn up again. However Dow Jones and SNP erased all gains in 2018. But even though the market lost tremendous ground within the past 6 weeks, it doesn´t mean the story is over and as already mentioned. There is no real panic yet, people don´t fear stocks so far. But this is exactly what it needs to stop the free fall.