An inconvenient chart for the BTFD-bonanza: INDU Monthly chart

INDEX:INDU   DOW Industrials [Test]
546 2 3
Takes time to shape a mkt top in normal conditions, the more in extraordinary times, where the primary rigger is the same cb             . Day by day, you hear more BTFD-mantra, but accumulating here means ignoring what happened back in 07 with a RSI div             neg with the same slope. Moreover, the INDU has not b/o the upper TL yet.
Sure, the Nyse margin debt could hit higher levels, such as in 07 and 2000, but lets not forget that the same margin debt is at ATH             . So at end of the line, I'd consider this chart at least as a warning.

Don't forget to manage and hedge risk....either if you are long or short.
I like your margin debt y/y % change. I believe what my broker is telling me that people are borrowing from their margin accounts to buy houses. So, the debt isn't in the stock market but rather it is in the housing rental and flip market. Either way, once the price starts to fall and trip out stops, then there isn't as much buying power or support under the market and prices can adjust easily downwards. There are certainly many variables to predict a major market move, but a good place to start historically has been margin debt. Good work and nice chart. Tim
Thx man! :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out