The crisis has already begun
I have been watching American indices for years.
In simple words
The indices show indicators of the economic state of the country. Because the companies that are included in these indices are the largest taxpayers. And the economic situation of the country depends on how these companies are doing.
And now I will tell you how are ...
The Dow Jones rallied swiftly on Friday to hit resistance at 25100 levels and reverse. The spot rate closed at 24388 levels and it is expected to continue lower as US markets open today. Looking into the wave structure, the Dow Jones unfolded into an impulse drop between 26950 and 24100 levels earlier, labelled as Wave (1). Wave (2) possibly unfolded as a running ...
The Bull Market is finally over after the last 10 years BULL RUN WITH a FINAL PARABOLIC.
We have reached a matured stage of both TECH STOCKS and TRADITIONAL STOCKS Market.
It is high time for a heavy free-fall and an ending bearish engulfing should lead the start of a stock market SLAM DUNK in 2019.
OMFG, look at that interest rate now from the FED.... Isn't it ...
DOW JONES DJI - Connect the dots
Keep in mind that I am not your financial advisor, with that said below is my quick analysis which I have done on my previous chart, but if you have not read it already, it will still be relevant
In recent weeks, October 10-11 to be exact we have observed an over 1200 point drop as interest rates have risen. Do you think it was ...
Dear Friends!!
Ouch, ouch - Traditional Markets are bleeding Tuesday. Dow Jones, Nasdaq, SPX and Russell down 3-5 %! Worst day in a month.
FAANG Stocks (Facebook, Apple, Amazon, Netflix and Google) dizzy too. FB the least, but maybe not a surprise after Marc Zuckerberg's hearings in the senate in July, which has made FB Stocks fall like a knife.
SO WHAT ...
From the recent Ray Dalio's interview with business insider, he pointed out that our current situation looks exactly like in 1937, which led to a recession.
Three points that I take away:
1. Dollar is facing a short squeeze at current phase, so fundamentally, do not short dollar until something changes. So far, the picture is still Fed tightening and ECB, BOJ ...
The 2008 crash top and bottom can be derived by making Fibonacci resistance the top and bottom of the 1987 crash. The time of the 2008 crash (to the nearest 2 months) can be found by creating a Fibonacci time ratio between the 1987 bottom and 2000 top. If you use these same rules again the next Fibonacci resistance is around 27,000 and if you create a Fibonacci ...
In over 10 years - that is very long time until now we see RSI of monthly chart is overbought index and also divergence occur.
Look back over 10 years ago with same signal and we have big crash and huge dump so I think this time may be happen like while the economic cycle timing is nearly.
Good luck all you guys !
Check the related ideas for a description of the cycle.
The market reached all time highs as expected with less momentum, if we are in the "upwards consolidation" period we should expect a pullback soon. I'm taking profit on the previous long and waiting to buy lower
Dow Jones dropped all the way to its interim support at 24100 levels yesterday before pulling back sharply, managing to close near 25000 levels. Looking at the wave structure, a lower degree wave i can be labelled at 24100/200 lows, and wave ii could be unfolding now; as highlighted on the daily chart presented here. Please note that fibonacci 0.618 resistance of ...
A counter trend neutral triangle pattern has been completed in form of b of b wave. c of b will be ended at 25000-26000 zone target and after that the #DOW is ready to complete higher degree wave until reach to 22000-23000... by completion the flat pattern ABC It is expected to grow to 27000 level as the first target...
Twain observed in Pudd'nhead Wilson;
"October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February."
How about a December crash? If this model plays out Santa will by cryin'.
Notice rejection this week at TL. Downtrend continues. ...
Pretty self explanatory.
I don't believe in a major (greater than 20%) stock market crash this year, but soon, maybe Q4 2019 / Q1 2020. As you see the dow:gold ratio has broken up above 10 year pivot signalling further moves to the upside.
I guess stocks still bullish for now.
Dow Jones* often refers to the Dow Jones Industrial Average, which was one of the first stock indices and is one of the most commonly referred to barometers of equity performance in the United States. The Dow Jones Industrial Average, not to be confused with the Dow Jones Transportation index (which was the first index), is often called, "the Dow" or "DJIA," and consists of thirty stocks which traditionally were industrial-based. But in recent years as the US economy has become more consumer-oriented, the index has seen a change in composition that no longer has much to do with direct industrial investment.
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DJ:DJI
