Micron Technologies, Inc. Probably the Best Stock to Use to...
... Determine the Overall Market Trend/Sentiment.
Copying and Pasting the Monthly Chart again to see the chart as I see it:
The MAIN PURPOSE of posting this particular stock is to FOCUS on the indicators. This honestly looks like we are in the beginning stages of the crash. If you have not gone out to get the Three "G's" you need to do so before it's too late. Call me "tinfoil hat." I honestly don't care. This will start as a slow bleed with stair steps downward. So, there will be days we finish with a small gain in the market. However, the overall trend will continue down and it WILL pick up steam once everyone begins to come to the realization that we are in a free fall plunge in the market.
My analysis is my own opinion of course. It's up to the reader to decide what you believe you should do based on my analysis and the analysis of others.
Keep in mind this is the 30-Day TF. So, don't expect to see much updating at all when you click "play" on the chart in this publication. It will not update except for every 30 days.
14-Day TF:
When looking at this 7-Day TF (below), don't be surprised for "pauses" on the way down as we do what is called, "Stair Stepping." The purpose of the "Stair Steps" is to entice retail traders to come back in with a long position to build up liquidity in the order books ONLY TO DUMP ON THEM ONCE AGAIN. They take "breathers" on the way down (in the beginning) to try to avoid setting off an early panic and fear of going long and thus preventing the order books from filling up to their liking. The HARD DUMPS usually won't begin until it's OBVIOUS that fear has set in and people have changed their position from that of long to short along with those who orchestrated the dump to begin with.
7-Day TF:
Copying and Pasting the Monthly Chart again to see the chart as I see it:
The MAIN PURPOSE of posting this particular stock is to FOCUS on the indicators. This honestly looks like we are in the beginning stages of the crash. If you have not gone out to get the Three "G's" you need to do so before it's too late. Call me "tinfoil hat." I honestly don't care. This will start as a slow bleed with stair steps downward. So, there will be days we finish with a small gain in the market. However, the overall trend will continue down and it WILL pick up steam once everyone begins to come to the realization that we are in a free fall plunge in the market.
My analysis is my own opinion of course. It's up to the reader to decide what you believe you should do based on my analysis and the analysis of others.
Keep in mind this is the 30-Day TF. So, don't expect to see much updating at all when you click "play" on the chart in this publication. It will not update except for every 30 days.
14-Day TF:
When looking at this 7-Day TF (below), don't be surprised for "pauses" on the way down as we do what is called, "Stair Stepping." The purpose of the "Stair Steps" is to entice retail traders to come back in with a long position to build up liquidity in the order books ONLY TO DUMP ON THEM ONCE AGAIN. They take "breathers" on the way down (in the beginning) to try to avoid setting off an early panic and fear of going long and thus preventing the order books from filling up to their liking. The HARD DUMPS usually won't begin until it's OBVIOUS that fear has set in and people have changed their position from that of long to short along with those who orchestrated the dump to begin with.
7-Day TF:
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720m (12h) TF:
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14-Day (2-Week) TF:
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Pardon the repeated chart. I needed to edit the orange text bubble in the 14-Day TF.
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Another look at the Monthly Time Frame for Micron Technologies, Inc.
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7-Day TF:
14-Day TF:
14-Day TF:
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Update on the 14-Day Tf's Progress: