The chart shows an analogue between the 1929 Crash Vs Berkshire Hathaway August 2022. If the set up plays out. BRK.A is at or only has small amount of upside left before it crashes. IF it follows the analogue, the downside target is roughly 80000 in a matter of weeks.
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Tracking- Note on the 1929 chart, after the rebound high to ~350 marked dropped to ~340, dead cat bounced then plummeted to take out the low of the wave 1 decline at ~325 then panic......
Very nice analysis my friend, thank you! By the way, I see that Berkshire is also forming a head and shoulders pattern, like the Dow did in 1929. Something will happen because the world outlook looks worse every day. Everything is pumped up like a balloon. The unlimited printing of money and the huge debts. Can only be solved by hyperinflation and/or war. We are seeing both.
simple_don
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@Ether2020, Agree. I feel concerned about the future. The pattern in Birkshire is also expressing the age demographic of Charlie and Warren IMHO. They, the Boomers have had such success riding the wave of globalism over the last 50-60 years.
talisman308
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@Ether2020, analysis is nice but hiden hand do not let index go down. the market is spiculated. there is war it world, big energy problem in europ, mega inflation bu market goes up and up. this is not normal
Ether2020
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@talisman308, no, indeed, that is not normal. The big money is manipulating the markets. But the more expensive money get by rate hikes, the more money will be pulled out of the markets. There is no hope for cheap energy prices and so inflation will get even higher, triggering company results. I would not bet on a rising market, but more to do just plain nothing. Patience is the key here.
talisman308
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the secret hand does not let the stock market fall. and the rise of the stock market will cause great hyperinflation.
The situation all over the world is getting worse day by day. political, economic and social situation. wars become more intense. the energy crisis is growing, and the rise of stock markets is not true and speculative. this will cause hyperinflation. because the stock market does not reflect the real situation of the population and the economy.
There is a big bubble in the stock market. And the stock market is overheated.
talisman308
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I agree with you, but they manipulate the stock market. Currently, there is a lot of speculation in the stock market. which in turn creates massive inflation. the stock market is artificially inflated, now the rise is speculation. if it continues like this, there must be hyperinflation. the stock market has the biggest bubble in history and currently the biggest speculation.