It's about to get insane in the stock market and all markets
For this to playout, the level here needs to hold... The trend needs to hold... Once the trend breaks it's game over. 70% to 85% drop will follow.
Let know what you think down below>>>
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The parabola has been broken. This is the monthly chart and it its right on the 50 month but on the weekly it has broken the 50 week and now holds it as support. It could be a fake out but only time will tell.
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Huge bounce in October with bullish engulfing candle breaks back above resistance and back into the parabola. A hold in into January 23 is very positive move!!!
keep an eye on it.
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Higher high so far in January 23.
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Dow Jones Update
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NO crash yet!! The Dow is climbing the walls of worry and the trend line.
Thanks for your hard work, your idea can achieve results) Thanks friend)
WeAreSat0shi
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@RLinda, I have a very vivid imagination, Thanks linda :)
Laurent10
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Hi....well it broke through support and there was no crash/catastrophe or 70/80% drop.....came straight back, and hard. With mid-terms (they will NEVER let it drop, NEVER) and Santa rally (looks like it here already) that almost ALWAYS goes up, NO MATTER WHAT....in my experience. But ONLY time will tell... Cheers
So it can either be insane UPWARDS (breaks out) to like 70k then drop all the way to about 18k???? Or it can be insane DOWNWARDS break the level we now at and if so a drop of 70 to 80% drop....so can go either up or down?
WeAreSat0shi
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@Laurent10, No one knows what will happen it's all about reducing risk. Price has now broken support and risk to go much lower has increased. The monthly has not closed under resistance left but on the weekly it has.
Laurent10
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@WeAreSat0shi, ABSOLUTELY - no one (REALLY) knows what's gonna happen. All I know is what I see on mu charts and on my DAILY/WEEKLY & MONTHLY two have broken out down on my LinReg200 and all have MA cross confirmed - everything is 'pointing' downwards for me, and so I only see it going down a lot more. Where to, I have no idea.
WeAreSat0shi
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@Laurent10, To be honest with you if the bubble pops and it looks like the dow might have popped, no one knows the bottom either. It could be 5k or lower. Also it might not be a buy for most people as it could be 20 to 30 years before it recovers.
Laurent10
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@WeAreSat0shi, Hi....looking at my monthly with LinReg200/MA Cross to me I can't see it going lower than 18 400 (post-covid announcement to the world) Even a low of +/- 24k could be a low (who knows) I fully agree with you that 'any' low will/can be considered a buy by many traders.....the lower it goes (do you hold) the better the chance of a buy....do you buy??? I think it's rather tricky trading times....I'm still short so will keep an eagle eye on markets... Cheers