Preps and Solutions
(Sponsored Ads)
Strategic Relocation
Recently Posted Articles and Videos
Ready Nutrition - Homesteading and Preparedness
Ready Gardens - A Ready Nutrition Company
The Daily Sheeple
The Prepper Website
SGT Report
SGT Report
top Prepper Web Sites
Featured Destinations
The Liberty Mill
Web Destinations

Clarocet for Kids

Harry Dent: Market Top May Have Been Reached July 23, 2009

Mac Slavo
July 24th, 2009
Read by 63 people

A forecast update from Harry Dent Jr., of HS Dent Investments, suggests that we may have seen a short-term market top as of July 23, 2009. Depending on downward market movements from here, we may have seen a long-term top, but more than likely, it is just a short-term top. Dent has previously forecast a possible run-up to Dow 10,000 – 11,000 depending on market conditions that will play out over the next month or so.

It is possible we saw a top in the markets yesterday. The markets broke up above strong resistance at 958 – 960 on the S&P 500. However, they are too overbought to likely continue to move upwards.

If the markets break back down below the breakout point of 958 – 960 on the S&P 500, that would be the first sign of a further decline. A break below 945 or 8,800 on the Dow would raise the chances we have seen a short term and/or longer term top.

My comments:

We should see a strong move one way or the other next week. As discussed yesterday in Grab Your Profits in Asia, the short-term trend seems to be to the downside for now, as the US Treasury is preparing to sell $250 billion in Bills and Notes. It is likely that the money to fund these purchases will come from the broader financial markets.

Subscribe to Harry Dent’s Forecasts…

Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
The Most Trusted Tactical Gas Mask In The World
Please Spread The Word And Share This Post

Author: Mac Slavo
Views: Read by 63 people
Date: July 24th, 2009

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to Please contact us for permission to reproduce this content in other media formats.


Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

Dedicated IP Address:

The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to