Its been a long time since I last published which has been partially through being too busy and also some serious chronic illnesses with which I suffer but enough about Me.
I present you this on the night before what I expect is going to be a disastrous print for US Inflation and what will catalyse the next leg down in what amounts to a catastrophe for Equities. I could be wrong in which case this post will not age well at all, but I highly doubt it...lol!
I am 99% sure Market Fundamentals will bear out this move(pun intended) and prove the following TA Chart prediction more or less accurate.
My TA skills have vastly improved since last posting having learnt many advanced techniques and unique insights I believe are groundbreaking. As such I wont be explaining the Chart I will leave it up to the viewer to utilise their skill and insight to interpret what you can see. Comments and questions are welcome.
Now to the fun part and the part which requires the most balls and that is prediction:
The ASX is going to dump heavily another leg to approx. 5780, consolidate for an indeterminate short time, maybe just under a month, until the next major drawdown which will see us hit an ultimate bottom of 4860 taking us all the way back to the Double top experienced in MARCH 2010 AND MARCH 2011 before the bear finally capitulates and we make a tedious, grinding movement that may last several years. We may indeed never recover the same to the levels prior to the GREAT RESET that Global Scum Inc have planned for 2030 saving some MAJOR MIRACLE !!! Fingers crossed eh..
There will be individual stocks that will do well in that intervening period so Equities will exclusively become a stock pickers game but the Indexes are kaput and will take years to reclaim the triple top to we hit in August 2021, January and April 2022 !
The US is headed back to support at the peak hit in Feb 2020 prior to the Pandemic, wiping out all the Fed funny money Market gains since then.
As such the Bear remains firmly in charge.
God Bless
xxCM
I present you this on the night before what I expect is going to be a disastrous print for US Inflation and what will catalyse the next leg down in what amounts to a catastrophe for Equities. I could be wrong in which case this post will not age well at all, but I highly doubt it...lol!
I am 99% sure Market Fundamentals will bear out this move(pun intended) and prove the following TA Chart prediction more or less accurate.
My TA skills have vastly improved since last posting having learnt many advanced techniques and unique insights I believe are groundbreaking. As such I wont be explaining the Chart I will leave it up to the viewer to utilise their skill and insight to interpret what you can see. Comments and questions are welcome.
Now to the fun part and the part which requires the most balls and that is prediction:
The ASX is going to dump heavily another leg to approx. 5780, consolidate for an indeterminate short time, maybe just under a month, until the next major drawdown which will see us hit an ultimate bottom of 4860 taking us all the way back to the Double top experienced in MARCH 2010 AND MARCH 2011 before the bear finally capitulates and we make a tedious, grinding movement that may last several years. We may indeed never recover the same to the levels prior to the GREAT RESET that Global Scum Inc have planned for 2030 saving some MAJOR MIRACLE !!! Fingers crossed eh..
There will be individual stocks that will do well in that intervening period so Equities will exclusively become a stock pickers game but the Indexes are kaput and will take years to reclaim the triple top to we hit in August 2021, January and April 2022 !
The US is headed back to support at the peak hit in Feb 2020 prior to the Pandemic, wiping out all the Fed funny money Market gains since then.
As such the Bear remains firmly in charge.
God Bless
xxCM