Graham Summers’ Weekly Market Forecast (Crash Time Edition)

Phoenix Capital Research's picture


The market onslaught of the last week is now staging a snap-back
rally. As I write this Sunday evening the S&P 500 has pushed to
1,143 in the futures markets. This was to be expected as we’d come up
against the neckline for the Head and Shoulders pattern I noted the last
two weeks:

a larger perspective, 1,110 is a line of MAJOR support. The S&P 500
spent a major portion of 2010 at this level. It’s also the level at
which the S&P 500 staged its last bounce before entering the 2008

So this is THE line to watch in stocks. Once we take it out, we’re
going to 1,000 in short order. By the look of things, it won’t be long.

Indeed, last week we got a confirmed SELL on my proprietary Crash
indicator. This is the SAME indicator that registered before the 1987
Crash, the Tech Crash, and the 2008 collapse.

It's just triggered again... which means that last week’s sell off is JUST the beginning of what's coming.

Yes, the GREAT COLLAPSE has begun. The markets will be going to new lows (below the March 2009 lows) in the coming months.

We're also going to be seeing major banks go under, market crashes, food shortages, government shutdowns, and SYSTEMIC FAILURE.

Yes, I believe that before this mess ends, the financial system as a
whole will have collapsed. What's coming is going to make 2008 look like
a joke.

Many people will lose everything in this mess. Yes, everything. The
US is going to be defaulting on its debt, paper currencies around the
world will fail. It's going to be a dark dark time.

If you have
yet to prepare yourself for what’s coming, my Surviving a Crisis Four Times
Worse Than 2008
report can show you how to turn the unfolding disaster
into a time of gains and profits for any investor.


Within its
nine pages I explain precisely how the Second Round of the Crisis will unfold,
where it will hit hardest, and the best means of profiting from it (the very
investments my clients used to make triple digit returns in 2008).


Best of all,
this report is 100% FREE. To pick up your copy today simply go to:
and click on the OUR FREE REPORTS tab.






PS. We also
feature four other reports ALL devoted to helping you protect yourself, your
portfolio, and your loved ones from the Second Round of the Great Crisis.
Whether it’s my proprietary Crash Indicator which has caught every crash in the
last 25 years or the best most profitable strategy for individual investors
looking to profit from the upcoming US Debt Default, my reports covers it.


And ALL of
this is available for FREE under the OUR FREE REPORTS tab at:



















Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
yabs's picture

mga , panic ,cprint, p;anic print eventually leads to collapse IMHO

MGA_1's picture

I think crisis, printing, crisis, printing, but I"m not expecting a financial collapse.

monopoly's picture

And have a nice day. I am ready.

yabs's picture

these articales seem to suggest that the whole system will collpase which means currecny will be worthless so why is he asking for money and not gold or tinned food?

yabs's picture

his crash indicator went off last year as well and that came to nothing

gorillaonyourback's picture

enough with all the negative waves morriarty(oddball in kelly's hero) as pupton so eloquently put it, im considering having smoke blown up my ass. cuz walkin around with a yoga swami smile all day might be desirable

DeadFred's picture

I'm not a fan of the Phoenix Capital posts or any of the other "Buy my magic info sites" but this time he's right. Two weeks ago we had an impressive short squeeze from the bottom of the Bollinger band trading range to the top before it corrected. This week it won't work. There's heavy resistance before the top of the range and this time the bottom of the range takes in the crash trigger level of 1120 and 1100 just below. With a week full of data to show us in a recession when everyone is pretending it's just a soft spot, with Europe still decidedly NOT fixed, it will only take one or two surprises out of the bunch to set us over the edge. There's a huge storm visible on the horizon and everyone is all happy because it's sunny right this minute. I bought oct AAPL puts at 315 today because I think that the storm will be big enough to take the cash cows down with everything else. Time will tell, but I think this time he's right. (Well maybe no cannibalism and riots in the streets but pretty much right)

radish juice's picture

While I agree with the major thesis on the market direction in the blog, your chart showing head and shoulder leaves much to be desired, need to go back to basics and read "Edwards and McGee" again. The head and shoulder neckline formation does not leave a discontinuity between left shoulder and head as you have shown, unless you did not mean it in which case you have communicated poorly. Also, head and shoulder is not just price action but volume action as well, the volume under left shoulder and head needs to be higher for proper formation. Let us get all the paraphernelia together before we start cheerleading again. Reading your recent letters it seems that you are getting quite anxious about the crash and may risk turning yourself into a category 5 contrary indicator.

Lady Heather...UNCLE's picture

This guy is going to get his short position ass-raped. Wall St are going to buy this thing back through 1200

totem's picture

While I enjoy reading Graham's forecasts, this one raises a statistics question.

    How often does his Proprietary Crash Indicator go off?

I mean, if it went off every week, I wouldn't be surprised that it registered before the 1987, Tech and 2008 crashes.  Whereas, if this only the 4th time it's gone off, that would be more interesting.

MiningJunkie's picture

Like the hands of a stopped clock, it is inevitable that he will appear correct at least twice in a decade. After all, newsletter subscription models thrive on fear. Would you rush to subscribe to a service that said: " Life is about to get better for all of us and to truly maximize your enjoyment, buy my newsletter NOW!!!"

pupton's picture

Hmm, when you put it that way, sign me up. I'd be willing to pay for someone to blow sunshine up my ass, and I might sleep better at night, and focus better at work, and stop thinking about silver while making love to my much is your fine newsletter my good man?

gorillaonyourback's picture

now that is real fuckin funny ,lololololo im dying here,,,lolololol

pupton's picture

I get a raging hard on when Graham talks apocalypse like that. I never even make it to the link...his words of doom make me explode immediately. Graham, can you attach a pic to your next episode of "The sky is falling 101"?

Freddie's picture

What is weird is it is a head and shoulders after an earlier head and shoulders. (seriously)  The first was Feb to Jul 2011 and now Graham posts another one.  

pupton's picture

It seems like he might be reaching on this looks like three heads to me...but I'm no pro.

kornholio's picture

what a crock of shit

Hubbs's picture

The only good thing about this site (Phoenix Capital) was that it was easy to click on cancel all future emails. This "one more week until TSHTF" warning has been sounding like a broken record for more than a year.  Give it a rest. I'd rather listen to the silverfuturist on you tube.

xtop23's picture

Aw cmon how can you diss the OCD kid with the chickens 

TulsaTime's picture

I was just looking at the today totals and wondering when the down days for the week will be. There is no doubt the next one is close, all the news and the way the markets are leaping around.

Spirit Of Truth's picture

In terms of the lunar cycle, the new moon is tomorrow and the period between Rosh Hoshanah and Yom Kippur is usually bullish.  However, from Yom Kippur into late-October, human civilization could crash. JMHO.

prains's picture

just to recap:

the world as we know it is about to end with misery and suffering for all, blood will run in the streets.

babies will be smashed against walls, fire will swallow you whole while the maws of hell consume you.


but for $9.99 I'll show you how to profit from your impending demise.........................


I have a proprietary crash indicator too! you're more than welcome to see it.

Atreyu's picture

Stop sugar coating it.

espirit's picture

Those are unicorn skittles.