Harry's Take October 16, 2024

Markets at Critical Turning Point Today

Bitcoin has been the leader of the stock market, and it has surged to 67,693 this morning. That is right at the top of its declining megaphone pattern since early June as shown in the chart below.

This could be a peak and turning point for stocks down to follow on a lag. If it goes much higher, that would be more bullish, but a reversal down here would be more bearish. This is an important point for the markets here. The reversal down this morning adds to the likelihood of this as a turning point down again.

[Sponsored] "Kings of Billion-Dollar Mines" Have Found a New Target...​
​
Some of the smartest investors in the resource industry - the "Kings of Billion-Dollar Mines" - have identified their next big opportunity. Led by two brothers with deep roots in mining, they've found themselves in one of the richest gold regions in America. This team has a track record of success and they believe this company is next in line for massive growth.
​​
​Learn the ticker and just how massive of a discovery this young company is sitting on...​

​

Harry

​

Got a question or comment? You can reach us at info@hsdent.com.

​

Disclaimer: Copyright 2020 HS Dent Publishing LLC. These e-letters (the "E-letters") are created and authored by Harry Dent (the “Content Creator”) and are published and provided for informational purposes only. The information in the E-letters constitutes the Content Creator’s opinions. None of the information contained in the E-letters constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. The Content Creator is not advising and will not advise you personally concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. To the extent that any of the information contained in the E-letters may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. From time to time, the Content Creators or their affiliates may hold positions or other interests in securities mentioned in the Newsletters and may trade for their own accounts on the information presented. The material in these Newsletters may not be reproduced, copied, or distributed without the express written permission of HS Dent Publishing, LLC.

​