I saw a Gann chart a week ago that drew a circle with its center in 1985, IIRC. The author clearly hoped a crash wouldn't happen, but said that one was still possible in the next 2-3 weeks. IMO the market seems shaky. I bought a few DIA Aug 20 '21 $285 Puts on Tuesday, a bit early as usual--they are at least 10% cheaper now.
Just playing a gut hunch--probably won't happen, but if it does, it should be apocalyptic.
@emehoke, No idea. Probably the stock indexes will just wander around; a little up, a little down. I just have a vague feeling that a Black Monday could be lurking in the wings. That's all. No charts, no science--just an uneasy feeling. And that Gann Sacred Geometry that went back to the Reagan years was just enough to push me into taking a crazy flyer on the puts. This goes beyond gambling! But if that Gann guy was correct and a massive pattern that has been building from the mid-1980s has reached its peak, the downside has to be tremendous. And stocks jump off of a cliff when they plummet... I'll probably lose my ass on this roll of the dice.