3 Gaps Just Over 30.000 In The Dow Jones
- But We Bulls Can Only Breathe Freely Again Above 32.323 Points
Since I've been negotiating with my publisher, almost publisher, future ex-publisher, about the publication of my books, a buddy has repeatedly offered me to go mountaineering with him. Unfortunately, the Triglav, the highest mountain in my Slovenian buddy's homeland, cannot be reached by car. Rather, it must and can only be conquered with a classic ascent of the mountain. "You hike at your own pace and with all the help and support you need so you can focus on what's most important to you." also touts a self-guided Triglav climb - which he brought to my attention. And which I had to think about more and more often in the last few days when I wanted to analyze the DOW JONES chart. "Triglav is considered one of the mightiest mountains in the world and offers wonderful views. On a clear and sunny day you can see far beyond the Julian Alps, all the way to the Grossglockner in the north-west and the Adriatic Sea in the south. There are numerous excellent ones on Triglav Hiking trails that lead from various surrounding valleys in switchbacks to the summit."
"You're only afraid of your own courage - it's going to be better than you think!" he always argues. Which also makes my eyes wide open, admittedly. My mouth is watering too - accepted. But instinctively emotionally rational still keeps me from trying. Which I can currently also transfer to the DOW JONES. Because in relation to the DOW JONES, we financial market particpants (all around the world) are also encouraged to buy stocks on US Wall Street with daily advertising. And that despite the bad environment - bad weather. To use the metaphor of a mountain peak one last time, in context of the leading US stock market index, in New York, the DOW JONES. Because who seriously believes in it today, at the beginning of the 4th quarter of 2022; that US inflation is coming back quickly? Here in the Eurozone, especially here in Germany, it is at its peak in August 2022 with 10% each, as was published in September 2022. And why should it be significantly different in the USA? Because of US President Joe Biden's escalating US fiscal policy? Because of the left-green economic policy of the US Democrats, which was legitimized by the government to reduce the energy supply, because it was politically willing to make it more expensive, like here in our Eurozone, especially in my homeland Germany? So that we US WallStreet bulls will have to learn to be patient at the moment. Because the current high inflation here, in our so-called West, is eating away like a cancer in the wallet of every single taxpayer and consumer. And that consequently sends us all, even our economies (because we are all taxpayers and/or consumers at least) into lower growth - most likely also into a recession. In any case, I am now unfortunately assuming that - for the quarters 3Q22, 4Q22, 1Q23, 2Q23, 3Q23 and or also 4Q22. So we won't get out of the current stagflation anytime soon.
Nouriel Roubini, the economist I respect very much and/or always listenng up to him even if I don`t always agree with him, has already said in recent weeks that a severe recession is imminent. So that the S&P 500 could even drop by 40 percent. Last weekend before Bloomberg published that the Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a “long and ugly recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P 500. Even in a plain vanilla recession, the S&P 500 can fall by 30 per cent,” said Roubini, the chairman and chief executive officer of Roubini Macro Associates, in an interview. „In a real hard landing,” which he expects, „it could fall 40 per cent.“ Roubini whose prescience on the housing bubble crash of 2007 to 2008 earned him the nickname Dr. Doom, said that those expecting a shallow US recession should be looking at the large debt ratios of corporations and governments. As rates rise and debt servicing costs increase, “many zombie institutions, zombie households, corporates, banks, shadow banks and zombie countries are going to die,” he said. “So we’ll see who’s swimming naked.”
Hopefully it won't be that bad! But for a further increase in the DOW JONES, the short-term GAPs in the DOW JONES should be reconquered by the US WallStreet stock market bulls. So that they don't stay as trend-confirming bearish run-away gaps in hindsight. Because the psychology behind such GAPs - above all at such prominent points as 30.000 is of course clear: "Damn friends, the environment for a further increase don't play in our cards. The risk is getting higher and higher - and higher (for us bulls). Only in the valley is the risk is most likely lower? Where we will then be able to manage it better in a detailed and clear way!" And that`s why I'm bullish again for the US stock market, in New York, especially DOW JONES, today, only at over 32.323 points. Because only then do we have a proven hope that the market, which I like to describe as the mass of (un)participating financial market participants, looks again constructively realistically optimistic into the future.
32323 09/12/2022 last closed price
31886 09/13/2022 first opened price
30912 09/15/2022 last closed price
30664 09/16/2022 first opened price
30956 09/19/2022 last closed price
30805 09/20/2022 first opened price
30065 09/22/2022 last closed price
29955 09/23/2022 first opened price
The gaps around 30.000 points prove the psychological importance of this price action area, which fundamentally plays no role. So that we, as bulls, only have justified hopes of rising prices again in the short term, let alone in the medium term, when we have let the 32.323 points behind us.
May the price action be with you :
aaron
- But We Bulls Can Only Breathe Freely Again Above 32.323 Points
Since I've been negotiating with my publisher, almost publisher, future ex-publisher, about the publication of my books, a buddy has repeatedly offered me to go mountaineering with him. Unfortunately, the Triglav, the highest mountain in my Slovenian buddy's homeland, cannot be reached by car. Rather, it must and can only be conquered with a classic ascent of the mountain. "You hike at your own pace and with all the help and support you need so you can focus on what's most important to you." also touts a self-guided Triglav climb - which he brought to my attention. And which I had to think about more and more often in the last few days when I wanted to analyze the DOW JONES chart. "Triglav is considered one of the mightiest mountains in the world and offers wonderful views. On a clear and sunny day you can see far beyond the Julian Alps, all the way to the Grossglockner in the north-west and the Adriatic Sea in the south. There are numerous excellent ones on Triglav Hiking trails that lead from various surrounding valleys in switchbacks to the summit."
"You're only afraid of your own courage - it's going to be better than you think!" he always argues. Which also makes my eyes wide open, admittedly. My mouth is watering too - accepted. But instinctively emotionally rational still keeps me from trying. Which I can currently also transfer to the DOW JONES. Because in relation to the DOW JONES, we financial market particpants (all around the world) are also encouraged to buy stocks on US Wall Street with daily advertising. And that despite the bad environment - bad weather. To use the metaphor of a mountain peak one last time, in context of the leading US stock market index, in New York, the DOW JONES. Because who seriously believes in it today, at the beginning of the 4th quarter of 2022; that US inflation is coming back quickly? Here in the Eurozone, especially here in Germany, it is at its peak in August 2022 with 10% each, as was published in September 2022. And why should it be significantly different in the USA? Because of US President Joe Biden's escalating US fiscal policy? Because of the left-green economic policy of the US Democrats, which was legitimized by the government to reduce the energy supply, because it was politically willing to make it more expensive, like here in our Eurozone, especially in my homeland Germany? So that we US WallStreet bulls will have to learn to be patient at the moment. Because the current high inflation here, in our so-called West, is eating away like a cancer in the wallet of every single taxpayer and consumer. And that consequently sends us all, even our economies (because we are all taxpayers and/or consumers at least) into lower growth - most likely also into a recession. In any case, I am now unfortunately assuming that - for the quarters 3Q22, 4Q22, 1Q23, 2Q23, 3Q23 and or also 4Q22. So we won't get out of the current stagflation anytime soon.
Nouriel Roubini, the economist I respect very much and/or always listenng up to him even if I don`t always agree with him, has already said in recent weeks that a severe recession is imminent. So that the S&P 500 could even drop by 40 percent. Last weekend before Bloomberg published that the Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, sees a “long and ugly recession in the US and globally occurring at the end of 2022 that could last all of 2023 and a sharp correction in the S&P 500. Even in a plain vanilla recession, the S&P 500 can fall by 30 per cent,” said Roubini, the chairman and chief executive officer of Roubini Macro Associates, in an interview. „In a real hard landing,” which he expects, „it could fall 40 per cent.“ Roubini whose prescience on the housing bubble crash of 2007 to 2008 earned him the nickname Dr. Doom, said that those expecting a shallow US recession should be looking at the large debt ratios of corporations and governments. As rates rise and debt servicing costs increase, “many zombie institutions, zombie households, corporates, banks, shadow banks and zombie countries are going to die,” he said. “So we’ll see who’s swimming naked.”
Hopefully it won't be that bad! But for a further increase in the DOW JONES, the short-term GAPs in the DOW JONES should be reconquered by the US WallStreet stock market bulls. So that they don't stay as trend-confirming bearish run-away gaps in hindsight. Because the psychology behind such GAPs - above all at such prominent points as 30.000 is of course clear: "Damn friends, the environment for a further increase don't play in our cards. The risk is getting higher and higher - and higher (for us bulls). Only in the valley is the risk is most likely lower? Where we will then be able to manage it better in a detailed and clear way!" And that`s why I'm bullish again for the US stock market, in New York, especially DOW JONES, today, only at over 32.323 points. Because only then do we have a proven hope that the market, which I like to describe as the mass of (un)participating financial market participants, looks again constructively realistically optimistic into the future.
32323 09/12/2022 last closed price
31886 09/13/2022 first opened price
30912 09/15/2022 last closed price
30664 09/16/2022 first opened price
30956 09/19/2022 last closed price
30805 09/20/2022 first opened price
30065 09/22/2022 last closed price
29955 09/23/2022 first opened price
The gaps around 30.000 points prove the psychological importance of this price action area, which fundamentally plays no role. So that we, as bulls, only have justified hopes of rising prices again in the short term, let alone in the medium term, when we have let the 32.323 points behind us.
May the price action be with you :
aaron