@MartinSchnellmann, Hi martin, looking back 2017 >Dow was trading around 15 000. That is only 4 years ago. This is "semi parabolic correction". When the average Joe is in fear, they will sell hard and fast. Moms and dads dont have the stomach to sit trough a correction. There need to be blood in the market first (sadly).
so you think the dow will continue to go up until about May?
hossein_zang
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@Princessgirl, i dont predict timelines. Just my opinion on how deep the correction can go. But yes if had a guess it would be 2020. We need major news to break to have such big correction. Hope this was helpful.
Princessgirl
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@hossein_zang, you are right. The Dow went out of my ascending triangle and before I was thinking March it would go down, but now it looks like it will go down in May ish.
Princessgirl
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@hossein_zang, MAy 1st I have but it could go out further. We will have to watch and see.
hossein_zang
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@Princessgirl, I will never short it. I will DCA to some popular stocks when we are at fib 50-65% retraced.