TradingView
BallaJi
Jul 20, 2023 9:14 AM

Are #Stocks expensive? No measured against M2 money supply Long

WM2NS/DJIFRED

Description

The 2000 Top was still the "real" peak of the US stock market
Built obviously on the expectation that the internet would change the world and teh global economy.

This highlights how the market foresees the future and how market participants are forward looking.

The #DownJones index is still 50% down form that peak

on this chart you can multiple chart patterns tat have played out previously

HVF's, double top, head & shoulder tops, and inv H&S bottoms

currently in a 22 year continuation inv head and shoulders which is still in progress

my stance is Top in April/May 24 .... downdraft into the election and a run up for 2/3 years into the Giga Uber TOP

Trade active

Just under 10% before we complete the right shoudler.

Trade active

2.5% till right shoulder completion

Trade active


doing some neckline testing

Comment



testing testing
Comments
kkandru
Thx. It's valuable information. Would you expect Crypto to follow same lines as Equities?
BallaJi
@kkandru, Wen' stonks dump, crypto dumps as hard if not harder... wen stocks moon crypto sometimes go up . crypto is generally own beast ....
More