They say history repeats, we had a pandemic in 1820 and 1920. We had a crash in 1929, so we could be near a same fractal. I compared the 1929 crash and if it were similar this is the path it would take. Down to first major support (2100 area support), than major bounce up in between the .5-.667 fib where people unload and then it continues to fall for 3 years,...
1929 - Crash 2000 - Crash 2008 -Crash 2020 - Crash Which of the prior three major crashes most closely resemble the 2020 crash? Certainly, not the 2000 crash, the initial drop is of equal magnitude, however the 2000 crash took over 365 days to reach that low from the highs, the 2020 crash has plumbed lower than 30% in just over 30 days. Similar...
The boomers have lived their lives fucking over the millennial, now is their turn to "feel the Bern" lol. I prefer white path for maximum opportunity. Maybe FED saves the day and nukes this idea and we can make a larger blow-off top for a -99% decline. ***Not investment advice.
- First spike lasted over 2 months reaching -50% drawdown from ATH - Then there was +52% dead cat bounce within 5 months, before the worst... - Finally the market went into 27 months bear market reaching -89% drawdown from its ATH During this bear market worldwide GDP fell 15%, for comparison in 2009 fell only 1%. This is how The Great Depression started lasting...
Please open this link: symonsez.files.wordpress.com Stock market will initially crash around -46% then move up to ~2700$ and finally down to >450$ per share. We are entering a Great Depression just now! In the same time Gold (XAUUSD) will keep moving up to double the price of Dow Jones: www.macrotrends.net it measn DJI will be ~4500/5000$ while Gold will go up...
EPIC THIRD WAVE ONGOING! 1929-LIKE EVENT! GET YOUR HANDS ON HARD ASSETS, NOT EQUITIES! GOLD AND SILVER IS MONEY, EVERYTHING ELSE IS DEBT!
Once again, notice how orderly and well-respected the trendlines are throughout a 21 and 24-year expansion. Show these US stock market charts to anyone who tells you that technical analysis doesn't work. Study these time periods and become well-acquainted with the stock market parabolas throughout history.
pick your catalyst elections, trade war, debt, greed, QE4, no rate cut December, Gann 90 year cycle from 1929, technical analysis, gravity this thing will fall hard and fast
There are many differences between now and then (Federal reserve, quantitative easing, negative interest rates) but these charts look eerily similar
Just an idea; I'm not sure about this but I expected a LOT more selling, and it's not happening. An ABC countertrend surge may be in progress; if so, we'll have a new ATH this summer. There is NO rational or logical reason for this to occur; therefore I consider it highly likely. IT's exactly what happened in 1929... Fascinating that Fib time projects...
I am in the middle of reading this book and decided to put it all together on a chart to visualize every cycle at the same time and share it with you. I see now why the 1929 crash was so devastating, all waves were pointing downward.
curiously the pattern that offers them today the main index ( dow jones, DJI ) of America seen from a distant perspective is undoubtedly very similar to a similar behavior registered in "29, ( this is only a visual and graphic exercise and absolutely nothing else¡¡ ) well if we put attention we can see that before the super hike there were two historical max with...
the Chart before the bullish momentum there were two historical max. with their respective corrections, in this base I have put it the basement, in 0 % and the second historical maximum as 100 % ( the total ok ) therefore the third super impulse (super wave) I have plotted a fibo numbers and its maximum of 476% will be the trigger. to begin the resetting and big...
This is the main idea of the final wave for DAX30 and the indices similar to it based on the 90-year cycle from 1929 (Great Depression) + 90 years = 2019 90 years as in 90°down in the markets. The 90-year cycle is also the 90-year debt cycle. The 90-year cycle is one of the most powerful cycles out there and it causes huge drops as DAX30 and other indices...
ESA has been trading in an ascending wedge since the Feb correction and is now testing the 78.6% retracement level; Just like back in 1929 and 1987. I don't like the odds here so would be neutral...ok, bearish if you put a gun to my head. Trumpard is making me worried.