DJCFD:DJI   Dow Jones Industrial Average Index
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Hi guys. I find this current Force Index reading extremely unusual. We have a change of the same magnitude as that of 2008 but this time there's no slow roll over. It's apparent that this is an extreme condition. As a trader I keep getting a feeling that something is cooking. I'd be careful with long exposure at this time. Thank you for taking a look.
Comment:
Right, the market is trying to tell us something. I have a wave model that showed the down wave we saw in Feb at -6.135, the next wave is another down wave due in July at -15.69. The next wave down is almost 3 times the size of Feb 2018. About half of my quarterly oscillators have been showing a negative divergence with price- the oscillator highs are showing in Mid-2015, not January 2018=another warning. Its time to buckle the seatbelts as weak hands get shaken out for trend resumption likely in 1st Quarter or so (roughly speaking) of 2019.
+1 Reply
That's got to be money leaving stock market and moving into $BTC.
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Please compare to the bond chart BND
Think lot of bonding buying+ the Buffett AAPL buying news + market manipulation
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