AMEX:EWT   ISHARES MSCI TAIWAN CAPPED ETF
46 9 2
bull flags?
there is a 5 years uptrend line holding the price as of now
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 PRO 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 PRO jangseohee
Let me take a stab at it...sec
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IvanLabrie PRO IvanLabrie
snapshot


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 PRO 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
oh yes, that blue flag took off
snapshot
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WOW, uncharted upside
snapshot
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