Getting our bearings... If a retrace swing is checked in its advance only by opposing forces, waiting for sentiment to improve will mean you have missed out on a lot of the bounce. There is the recognition that when a crash like this happens, we must sacrifice a part of our own effectiveness just to help keep an eye on it, outguessing the lows is an advanced...
The Dow Jones weekly chart shows price held support this past week at the 50% Fibonacci retracement level from the 2020 all-time high to the 2009 low. This represents price giving up 50% of the gains seen from the March 2009 low to the recent all-time high made this year. Price also moved back above the 38.2% Fib level on the weekly chart which puts the trend...
"When a business makes money every one profits" Beep! If your boss raises you by 5% and himself by 400% and prices go up 10% because central bankers are printing money you know what you are getting? The short end of the stick. Right in your ***. Gee... I wonder why there is such income inequality in the USA? No clue! If only there were obvious events that...
Possible it goes for the ~250 gap, but my lean is the POS gets crushed. Doesn’t want gov assistance ... oh really? They weren't selling pre-corona. Revenue drop in 2020 will make 2019 look like nothing
To early to sell for long term. Sell at 50% or 61.8% or in between. Should make LL.
Even with the bounce that Dow Jones is experiencing, the general trend is still bearish and will likely be for a while as long as Covid-19 is around. At the end of trading hours buying spiked, hinting towards a sharp selloff, as has happened the last 4 times it has spiked last minute. On top of this, the 10 day RSI has just reached 70, suggesting it is now in the...
The Dow Jones Industrial average saw a $1,351 gain today, up +6.38% from an opening price of $21,468 with a close of $22,552. Price has also now risen +24% off the recent $18,213 low indicating that a short-term bull trend is now in play. After yesterday’s doji candle(trader indecision candle), price today jumped from the 23.6% Fibonacci level up to, and found...
In June 2008, #DowJones broke its weekly 200ema and key support (DotCom highs). It then backtested in following months before next major down move. The setup is similar now 🤓
DJI hit 18917 low. It looks like this was it for this month. Quick recovery to 22-23K within three weeks. Worst case is 18K.
The Dow Jones Industrial Average rose more than 11% to clock its biggest advance since 1933. Dow Jones futures jumped Tuesday morning, along with S&P 500 futures and Nasdaq futures, amid optimism about a massive stimulus deal. New support at 20,000 for DJI. Not sure how long this rally will last because its basically akin to printing money to keep the economy...
Like most other global equity indices, I'm looking for a 4th wave in the current cycle to complete before a drop lower in to the green box, with possible extensions to the yellow box. This low in to the green box below will either end the down trend since the highs or will prove to be the first part of a three part move to even lower prices.
The Dow Jones continues to hold above the 50% Fibonacci retracement level which is the midpoint between the 2009 global financial crisis low and the all-time high made in February of this year. Stocks saw early gains today as the Federal Reserve announced unlimited Quantitative Easing to prop up banks and the financial system, but then prices retreated as US...
1. Monthly Chart shows the same RSI oversold conditions as the high in 2007 time-frame (79 RSI) that led to the 2008 downturn. a. Current chart shows the same oversold conditions in 2018 (80 RSI) which are leading to the now late 2018/19 downturn. b. Retracement was roughly 50% during this past market collapse because support were the 2002/03 levels and RSI of...
Very important: This is DJIA only! There were some pretty huge companies back then... I don't have the comple market cap / wilshire 5000 to gdp since 1900, can't find that. Price to earnings is best I have. 2000 had the all time record high with all the start ups and all the new stuff going on that wasn't making money yet, doesn't mean it was the worse...
If we go by history of Great depression fall, we dropped 50% from top (386 to195) then retraced to 61% and fall back later to 40. Now 2020 top made at 29568, 50% decline comes close to 15050, which also coincide with AVWAP from DOT-COM crash low. ~ TARGET 1 Pullback may come till 61% - 23300. Which also will coincide with current AVWAP from top. ~ TARGET 2 And...