DJI: Potential 23% or More Drop Beginning Next 2-Month Candle
Hi Everyone! I simply wanted to give everyone the heads up the Dow Jones Industrials are subject to BEGIN a significant drop the NEXT 2-Month candle. As pointed out in the Yellow Text Bubble; the Blue Line is already below White Level 70. The Red Line is about to fall below White Level 70 as well; resulting in price action potentially falling all the way through the Yellow B-Band Basis down to the White/Aqua LOER B-Bands. We still have 27 days remaining in the current 2-Month candle.
Before I write what follows; there is a DISCLAIMER by TradingView in everyone's idea. I do NOT claim to be ANYONE's "advisor." What I'm about to say is from PERSONAL EXPERIENCE.
If you are working for an employer and either 1) Leave the employer to work for another employer, 2) Get fired, 3) Retire early, did you know you can cash out your 401k? Yes, you most certainly can. Yes, you have to pay a 10% penalty. Yes, you have to pay taxes on it as well.
Let's say you had $500,000 (for easy math) and paid your 10% penalty; which leaves $450,000. Then pay a progressive tax on the $450,000 at approximately an additional 30 percent to be conservative. This would leave approximately $315,000. Now, what do you do with the $315,000 if you had another NEW job to take the place of the one you left in order to cash out your 401k?
You can diversify into physical gold, physical silver and crypto. You can use $15,000 for gold, $50,000 for silver and the remaining $250,000 for crypto.
Why use the remaining $250,000 for crypto?
Because 1) Leaving it in stocks is a terrible place to leave it at this point in time due to the current ongoing controlled demolition of our world economy in order to usher in a "great reset."
2) WHEN the stock market crumbles, the banks will crumble. You sure as hell don't wont to leave "wealth" in a bank during a collapsing economy. Ask Malta... Ask Greece... Ask a number of people from different countries with failing economies what happened to their money in the bank when the banks were failing.
3) Inflation is your worst enemy for money held in stocks, bank, 401k, annuity, etc. I doubt very seriously the stock market will continue to go up at a rate fast enough to keep up with the depreciating value of your stocks in a 401k. You'll be lucky to have half the value of what it is currently after a collapse of the markets; likely collapse of many banks and rising inflation.
4) Crypto is nearing its bottom. Which is an excellent time to begin dollar cost averaging into the crypto market.
5) If you used your remaining $250,000 for crypto to dollar cost average into the market, it would only have to "2 x" (double) to have back the $500,000 you took out before taxes and penalty. But I KNOW CRYPTO... I don't have to know a damn thing about stocks. All you need is some damn common sense. It would be SUPER EASY for crypto such as ADA to "5 x" (five times return) from current price to get back to it's previous ATH (All Time High). What would that mean for your $250,000 if multiplied by five (5)? $1,250,000.
But hey, I'm just a crypto geek and indicator geek with common sense. You don't have to listen to my OPINION. Do your own damn thing...
Happy Trading and Stay Awesome!
David