Enjoy this fractal based analysis of the stock market comparing now and 2008. I drew this fractal about a month ago and so far it has been following it perfectly. Let's see how we go.
Hi....markets (DJ / S&P) only going back up now....bears/sellers/shorters whatever one calls them ain't strong enough..... S&P cant even break 4100 at the moment, let alone get past 4000 or go lower. Bear/sell moves are shallow and weak, and will not be like epic falls or crashes....the odd drop of 2/3/400pts on DJ but nothing significant, and after them drops, markets will rally significantly.Not looking very likely that the S&P will reach these levels. Thanks for sharing.
@SXTrading, Hi...you see what I'm saying? Any sort of supposedly "good" news/numbers and the markets rocket upwards - it's crazy, but that IS the situation right now. Why should the markets have shot up so much now? Crazy.
SXTrading
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@Laurent10 Yes I see what you're saying but for a plethora of other reasons I don't believe we are still in a bull market.
Laurent10
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@SXTrading, Hi.....funny this, because for a plethora of reasons I can't see the markets going down, (bearish) only up (bull)...since June we have gone up, AND we are entering "that period" in the year where the markets ONLY go up, and go up strongly....towards the end of the year, NO MATTER WHAT the markets ALWAYS go up......hope I'm wrong (unless I decide to go ong) Thanks for your reply Happy trading Cheers