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Crash guru warns the Dow could plunge to 14,800 – and today’s a date to watch

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Published : March 14th, 2017
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Marketwatch – March 13, 2017 – by Barbara Kollmeyer

And he’s extremely concerned about what this year could bring for investors. “The timeline is rapidly approaching” for the next potential Dow meltdown, said Jadeja, who shares his techniques via workshops and seminars. Timelines are at the heart of his predictions, which he bases on repeating cycles in the market that are connected to specific times.

And here’s the crux of Jadeja’s concerns: If the rally inspired by last year’s presidential election continues, the Dow industrials could hit that 22,000 level — but if it fails, the pullback could be steep, or even steeper, based on history.

One level down would take the DJIA to 18,600, while moving two full levels lower would bring it to the aforementioned 14,800 level.

“If the Dow Jones reaches 22,000, then there’s a strong opportunity for it to fall back,” Jadeja said. “It’s nothing to do with trend lines or channels. These green lines are based on units of time and move forward step by step.”

There’s just one more reason why Jadeja is so uneasy about this year, and into 2018. Stocks are in the midst of a seven-year cycle that only comes around every 84 years, according to the chartist. (Check out that 84-year chart here on Business Insider) . The current cycle stretches back to 2011 and ends in 2018 — and that’s why he’s more convinced than ever that stocks could be in for a bumpy ride.

“The first concern is that every time the market has gone into a blue time window it has gone down. Now we’re in even bigger time windows, the 84-year cycle …,” he said.

“My concern is that because we’re in that big time window and the Dow is reaching for the upper green line, those two things together are like fireworks about to go off,” he said.

[Source]

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