DJ:DJI   Dow Jones Industrial Average Index
Now I’m not saying we aren’t going to go higher due to the new tax laws as well as the lessened regulations for businesses. However, the current RSI is at an all time high. Now that it’s at an all time high, it’s important to understand that this means buying is significantly taking place more than selling is, driving price way up throughout the whole market. Once the big market movers/hedge funds, run statistical models that illustrate most stocks have surpassed the value they estimate they’re worth, we will see a massive correction. Now this could happen next month, this summer, or even end of the year, but if there is no major correction soon we will see a very large recession while the market catches back up. Now very important, don’t go and sell everything after reading this! I just wanted to bring this info to everyone’s attention! I could be totally wrong, but I’m just basing this off of historical trends. Happy trading!
Happened the same day. And you were flat out right :)
DonniePiii SamadeusM
@SamadeusM, crazy timing right! TA works really well sometimes
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out