4) Repeat: The European Central Bank created artificial prices

INDEX:CAC   CAC 40 Index
August 14, 2016

This is the text from my comments on the charts:

January 2015: These levels above 4530-4600 are totally artificial.It was an aberration created by the European Central Bank (Quantitative Easing),
which helped the CAC40 hits its long term diagonal resistance before it would collapse.
Greece and China were merely excuses.
Greek CDS             (Credit Default Swaps) clearly showed that Greece had a bond default probability of about 85% in January 2015. Well done !
Can you see that by the end of 2015, the price of the CAC40 went back to its last value of about 4550?
It was a lost year. And yes you are not seeing it wrong: that is the infamous Head & Shoulder pattern, as I mentioned many times here and elsewhere.

European + US indices will certainly start plummeting in a month or two in my high opinion.
The blue lines being shown merely depict one possible path and cannot be taken for granted. You guys can perform an Elliott Waves analysis and see.
I do not currently possess enough knowledge/information nor the right skills to tell whether this would work or not. We shall see how it plays out !
By the way (I will spam a bit, my bad), I have started today to create a track record (including its dashboard) with a crazy starting capital as low as €30. It won't necessarily be financially rewarding, but I think it could be interesting to grab some information here and there (or be laughed at ^^). If you have any idea about improving the dashboard or anything else, please let me know ! Let's make progress together.

I will try to post my daily results. I am willing to share comments and my experience with everyone.

Feel free to check my post #183 on my blog ->
Argh, I made a mistake on the graph: the text should read -> "4200 is the middle of the 3900-4500 range" :(
It is all about timing. Delay until the US elections and what will come thereafter ...
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