Jayed

If You're Feeling The Pain, Here Comes Your Chance To Exit!

Short
TVC:DJI   Dow Jones Industrial Average Index
The DOW is finally moving into it's dead cat bounce after losing nearly 40% from it's ATH .

My peak is conservative, so don't be surprised if we go ~1200 points above it before we enter the long term bear trend.

Incidentally, if my timeframe is accurate, this rise and fall will line up well with the 'end' of the lockdown followed by the horrifying realization that two weeks was not long enough as New York's hospitals become overwhelmed and the US mortality rate begins to more closely resemble that of Italy & Spain.

This revelation will likely strike the markets first and lead into another (HOPEFULLY LONGER) lockdown.

Comments

how did you get to this conclusions ?
you say it will bounce to about 27000 and then will drop to below 17000
that is a big move.
Reply
So your telling me the market will recover close to all time highs in the middle of the Coronavirus and then crash back down to 17k? Makes no sense at all
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Jayed mike133
@mike133, easy, we're in the first leg down at the end of the longest bull market in the history of the US stock market. Thus, the next few months will experience their highest degree of volatility. Everyone is still in denial about the seriousness of the virus. Thus markets are still complacent.

That said, the US extended it's lockdown a week ahead of my expectated announce date, so we're likely go into bleed out mode.
I'm projecting the markets to see 10k by the end of the year.
Reply
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