AMEX:EWT   ISHARES INC ISHARES MSCI TAIWAN ETF
61 9 3
bull flags?
there is a 5 years uptrend line holding the price as of now
Comment:
WOW, uncharted upside
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oh yes, that blue flag took off
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A global dive may be preparing..
It is definitely pivotal in price and time.
the problem is: in the long term market have overcome similar situations many times to achieve large rallies... A move down looks very possible but historically these remain rare events (call it 15 times in the last 100 years)
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I have DEEP conviction that these Market Makers (the central bank & big international bank like GS, JPM...) manipulate market all along. Whenever the entire market (unfortunately again tradingview doesn't have Wilshire5000) come to a MAJOR MAJOR market decision point, like 1998, 2008 and perhaps 2018 there is no stopping them to let all the bears out to RESHUFFLE their cards :-)

I am anticipating (though i could be wrong) that there will be a sell down and false break down the trendline and eventually became just a spike. And market continue with the uptrend which will be just right for 10 year cycles economic downturn to come

For the past 10 years, 8 of the Dec are Christmas Rally even in 2008!
+2 Reply
IvanLabrie jangseohee
Might be the case, but this spike might see some continuation.
The flag doesn't look like a proper flag btw.
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jangseohee IvanLabrie
Buenos Dias,
So you reckon the improper bull flag lead price down or up? :-)
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IvanLabrie jangseohee
Let me take a stab at it...sec
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IvanLabrie IvanLabrie


Right now, strongly bearish in the short term.
You could sell any rebound, or wait to buy the bottom green arrow levels for longer term bull trend resumption.

I wouldn't bet on the bulls in the short term. :)
+1 Reply
YaKa jangseohee
I have worked for big banks before and I did not have the impression they had more information than you or me (to the contrary actually:)). Plus, I found speculating about a "conspiracy" theory never brought me anywhere so I prefer to ignore it all together and trade the price and the actual news and to protect against something not "known" I assume everything is possible, therefore I have a stop or an invalidation level.
+2 Reply
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