ALERT: Major countertrend rally looms as the public (small traders) just made record short bets against stocks!
January 22 (King World News) – Jason Goepfert at SentimenTrader: Small traders made a record bet against stocks on Wednesday. Odd lot short sales (bets against stocks for fewer than 100 shares) jumped to a new record, exceeding the prior record from August 24 (see stunning 10-year chart below).
King World News note: Even though the Dow is only up about 100 points today and still trading near recent lows, it is entirely possible that these small traders may get forced into a panic short covering as a result of a major rally before the global markets head lower. Bottom line, be cautious bears.
IMPORTANT: Tune in today because Gerald Celente will be interviewed by KWN to provide action plans and strategies. Celente will also update how deep the panic will strike, who will suffer the most, who will be hurt the most, how to avoid the economic catastrophe and turbulence, what actions to take, and how to prepare and survive what lies ahead.
***The commentary and chart above are just a portion of one of the latest fantastic reports. To try a free 14-day trial of the internationally acclaimed work that Jason Goepfert produces at SentimenTrader simply CLICK HERE.
***ALSO JUST RELEASED: Panic Strikes After $6 Trillion Wipeout In Global Markets Has The World On The Edge Of Chaos CLICK HERE.
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