Ich bin auch Bearisch. Viel Gluck! Dank fuer Ihre Postung!
RB108
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According my opinion there will be small correction next week to somewhere around the low of this week. Then growth. I think we will go very close to alltime high then. Bigger correction will not happen before November.
@DaddySawbucks, Well that is SP chart. And still I see some small room for growth there. I think that bigger correction will not happen before November. Let me know your opinion. Regarding the DJI you can see that monthly Stochastic it is not overbought also D1MA14 pointing to some growth as well as H4MA50 and W1MA14 and 21. It is common in these patterns that price will again bounce at least to the previous alltime high or higher and you can see that it has happened in the previous instances in 2007 and in 1999. Also it is more likely that this crash will start at the end of year. 2007 was October 1999 was December. This year because of some quite complicated analysis which I do, I bet on November. But of course that is just analytical guess.
DaddySawbucks
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@RB108, Look for retest of 25890 and pullback in September. Rising into thin air on low volume... but still rising.
chrisatom
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Divergences are excellent and powerful tools, I use Stochastics every day. Works on all time scales too.