Dont be greedy on IXICAs I posted IXIC price movement speculation a year ago or so, now I want to warn you this is only one of the possibilities. As we kno the price movement can choose only between two dirrefent directions. Either up or down. But now it looks too good to be true to me. But this time is different. With all the world situation and economic war between US and most of the worlds countries, media propaganda about big bear in front of our economy, europe automobile industry "cold". This is all the signt, that tells us be cautious. Be prepared to go at least "half-in" if the price starts to form higher lows on weekly chart. I Will give you updates about my movements and taught, what I think about this crap. See you down here eventually,
Wish you luck,
DonLobster
IXIC trade ideas
Here's Why You Should Think Twice Before Selling TechThis is a 2-month chart of the Nasdaq US Composite Index (IXIC).
At the bottom is the Stochastic RSI which oscillates up and down depending on how overbought or oversold the market is.
There have only been a few times since its inception a half-century ago, that the Nasdaq Composite Index had a 2-month chart this overextended to the downside. The K value of the Stochastic RSI has actually reached zero.
If the 2-month chart closes at that level, it will mark a super rare occurrence that has only occurred twice in the history of the Nasdaq (the last time being at the bottom of the Great Recession).
I calculated the one-year returns for the Nasdaq one year (from low to high) after the K value of the Stoch RSI on the 2-month time frame dropped below the oversold line (to or nearly to 10). For the case of the Dotcom bust and the Great Recession, I selected the point when the Stoch RSI's K value first reached 0, which is its current reading and which is thus fairly comparable. Even during these significant economic downturns, buying at this oversold level produced decent returns one year out.
Obviously, past price action does not guarantee future price action, but history does tend to repeat itself. Odds are that ten years from now you'll probably be wishing you had bought into this oversold level.
Here are the one-year returns from the market bottom during the 2M period (when the Stoch RSI K value met the criteria listed above) to the market top of the 2M period one year later:
+95.78%
+36.47%
+31.24%
+78.89%
+20.17%
+69.50%
+27.14%
+52.36%
Mean: +51.44%
Not financial advice. As always anything can happen.
Nasdaq/M2 Money Stock: Unclear where we go from hereJust recording this graphic for the future.
The Nasdaq 100 has had a great past decade, but now we're at a critical time for the tech-heavy Nasdaq index When looking at Nasdaq divided by the Money Supply, news about how the feds will guide the US economy will force people to make a decision about their portfolios:
Do you diamond hand your tech stocks or dump them and wait for a better position?
Nasdaq Composite dropping. IXICIt is appearing to be doing so along with the other major indices and there is plenty of data to speculate that the drop will continue technically and from a valuation standpoint. How low are we going? No one knows, but we have charted a few goals reasonable to us. A book can be written on how we derive the goals, so we won't bore you now.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Nasdaq at an area of valueNASDAQ:IXIC is at an area of interest, near a potential resistance level but also trading above a key MA. Friday close will be interesting, a solid close above this MA might bring a bull run. Failure to push up will bring us back to the boring "correction" environment. I'm rooting for the upside.
Nasdaq Composite Comparison to 2021$IXIC Nasdaq Composite now vs. then 2021. Notice the resemblance to channel support/resistances aligned with the bubble spike above channel between the two charts and then notice the 8month MA (yellow) vs. 50month MA (red). The chart is extremely earie, and you need to take notice.
Current:
Then (2021):
The Global Reset will crash economy for digital dollar If you haven't figured it out yet. The markets are bought up by the US government. They are the largest shareholder with trillions of fake money pumped into markets. There is an actual government organization called the PPT that was put into place to keep markets from crashing.
The organization has evolved to basically buy stocks all day to keep inflating stock market to inflate consumer confidence. This is basically an unnatural market. The scam works like this. The government prints fake money to buy stocks and when these are sold by investors the fake money becomes real money and makes an impact in the economy as a large portion of it is recirculated into economy.
That being said. A major event is likely planned by the government to crash stock market as an attempt to mandate a digital dollar currency. Bitcoin is likely an experiment of the US government as well.
Long story short. Either the governments plan will work or God will reak havoc and end the manipulation before this happens. Even if we go digital God will have the last laugh. Even though he wouldn't laugh if you know what I mean.
Markets can get irrational even more and go way beyond the thick red line even into 17k territory but let's hope this ends quicker then that
bull market can make you money , bear market make you richthere are 3 occasions since 1975 when rsi went below 39. the present scenario indicates that history can be repeated.
even if rsi goes below 39 level and remains there for some time, it will bounce back . one can start accumulating good value stocks in a small amount .