If we hold the current fork channel until the end of the year, QQQ will be under $100. We'll snap pre-covid highs by August, hit near 2000 highs around Oct. If this happens, it will take over 10 years to recover. 2000 crash took 16 years to retrace.
I hope this isn't the case. It could break out of the channel around Pre-covid highs. The 3rd wave extension(5 wave in leg 3) is necessary to keep it in the bear channel through the EOY. So if that fails, I'll be looking for bull signals.
I hope this isn't the case. It could break out of the channel around Pre-covid highs. The 3rd wave extension(5 wave in leg 3) is necessary to keep it in the bear channel through the EOY. So if that fails, I'll be looking for bull signals.
hyperinflation starts with the Euro and emerging market currencies. Hence the recent bear market on indices, but where is the tipping point where the USD starts to inflate?
In fact, classic hyperinflation starts with deflation, strengthening of the dollar in this case.
MarlosClock
seekingalpha.com/art...ds-to-hyperinflation
-Deflation is the first step in a sequence of steps leading to hyperinflation.
-Commodity shortages develop. Prices spike.
-The central bank loses control. Hyperinflation ensues.