DJCFD:DJI   Dow Jones Industrial Average Index
The entire market is over-priced. 2008 was just a small blip compared to what is around the corner. The largest bearish divergence in Dow Jones Industrial history, its on the monthly too! Yes, you should be scared because the $22 trillion in debt is not looking good right now. I expect a downtrend similar to the bubble of 29' in this bear market. I also believe the smart players and some institutions have exited the market earlier as where I marked. This bull market has lasted more than 10 years and is surely coming to an end. I hope you stay safe out there, let us all hope this doesn't come true, because if it does, The Great Depression will have a new date.

I wish you good luck trading!

-Trader Demo

<3 Space Peso

By the way- not financial advice :).
Trend is our friend and one should make money with the trend and current trend is Uptrend, when trend changes then we will see, but it seems its not falling before US elections
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Keep dreaming bud dow 30000 here we come!!!
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RohanTalkad RohanTalkad
Im joking ...
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You are not betting on hyperinflation but rather a contraction never before seen ?
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@Msparky, Yes because history can repeat only so often, I believe most people know the recession is coming, and I like to be a contrarian because if everyone thinks the recession is going to happen, then it probably wont, right? What I'm thinking is this will be a new lesson in the stock market based upon the fact that no one is expecting a recession THIS bad, is why i believe it will happen, but also technicals look absolutely terrible, and this bubble has been going on for too long.
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Seems like a far reaching conclusion - I think it is unlikely to be anywhere as severe as you note above
Its possible to get down to around 7700 to be the bottom of a long volatile sideways market for another 20 years, but we may not even be at the top yet

The usefulness of this call is very small as it's not actionable and based on nothing other than a guess that 'it looks like something I've seen before'
This of course, is not a trading strategy - but simply hoping for something to happen...

You need more than guesses to consistently make money and hoping for home runs based on a low probability of being right will lead to a very unpredictable equity curve with big draw downs and low winning %'s
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dionvuletich dionvuletich
We may even see a complex elliott double or triple three between 22000 - 27000 before it moves higher again, but there is plenty of money to be made trading the smaller swings - you do not need massive moves that will take 18 months to make good money
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TheRealDemo dionvuletich
@dionvuletich, So apparently you are aware of what is exactly going to happen? You seem a very humble person to say these things, when this pattern has been accurate of over 60 years. This was also not a guess, there was more than just 2 lines that went into the making of this chart. You do not need to teach anyone how to trade, I thank you for your advice, but if you think I don't know these things, you should be looking at my other charts.
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Your color choices are brilliant.
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I'll buy a little of dez and a little of those.
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