I drew an oval inside the 2000 cycle, then repeated it.
In 2008, the 'next cycle' should have been over, but the values were way too high, so they came crashing down.
The 2008 crash matches up with so many trend lines it's crazy.
The day to day may be different, but I think the overall weekly patterns will be very similar.
If this holds true, it will find it's new bottom right at the end of the current cycle.
The news is reporting that the Fed might slow down or pause it's interest rate hikes.
Based on this chart, it predicts that the next few weeks will be UP, and reducing interest rates will put some minds at ease and cause more purchases, especially since it falls on a trendline.
It looks like the main crash may not be until March if it goes like it did last time. I'd still play it safe and move investments around to hedge against the impending fall.
In 2008, the 'next cycle' should have been over, but the values were way too high, so they came crashing down.
The 2008 crash matches up with so many trend lines it's crazy.
The day to day may be different, but I think the overall weekly patterns will be very similar.
If this holds true, it will find it's new bottom right at the end of the current cycle.
The news is reporting that the Fed might slow down or pause it's interest rate hikes.
Based on this chart, it predicts that the next few weeks will be UP, and reducing interest rates will put some minds at ease and cause more purchases, especially since it falls on a trendline.
It looks like the main crash may not be until March if it goes like it did last time. I'd still play it safe and move investments around to hedge against the impending fall.
