This Chart Is Proof That Richard Russell's Crash Prediction Will Come True

Earlier we brought you the latest alarming comments from noted Dow Theorist Richard Russell, who is advising people to sell everything they can, ahead of a radical change in America.

You think that’s hyperbolic and ridiculous?

Well consider this, from a reader, who writes:

I’ve been watching the charts and listening to Bob Prechter and we are in a wave C down cycle that will be very swift and steep.

chart

Now are you convinced?

Don’t miss: the 25 financial companies most likely to default >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.