Doesn't look good that we have been following a 2007/2008 market collapse fractal on the DJI weekly chart.
Thats all this is, just a fractal, more inflation, higher rates, famine in late 2022 and 2023 in areas around the world. Energy sectors and manufacturing collapse in eastern European countries, vote buying for half a trillion dollars while were in the middle of run away inflation. These are all signs of the times
Hi....I just cant see these markets (DJ) coming below 30k - the DJ has struggled/laboured to get to 30k....."they" are not letting it happen. There was the 1000pt drop on DJ 150odd on S&P - what happened the next day....S&P went up, DJ down a little, but no major crash/collapse/doom is gonna happen....sure there will be drops of 2/3/400pts on the DJ but for every drop there has been a monster/guaranteed up swing. EVERY drop for the past couple of months has been taken out/bought/destroyed. We can even have two consecutive days of down days - sign of a strong market. When the DJ starts to go down 4/5/600pts on consecutive days, then maybe we might see a drop to below 30k - but right now, from what I see it ain't happening. I hope you right and I'm wrong. Thanks for sharing, cheers.
thecardiak
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@Laurent10, it will lose the 30k range in january once 4th quarters horrible results start coming in then its a free fall into the dark winter
Laurent10
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@thecardiak, Hi...when you say "it will LOSE the 30k range in January" what do you mean by that...sorry for my ignorence/misunderstanding..... 4th quarter results start coming in when exactly?... Yeah, agreed, winter is gonna be harsh all round... Thanks for your reply, much appreciated Cheers