StockLegend69

StockLegend69

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StockLegend69

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StockLegend69

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StockLegend69

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StockLegend69

Here we go!

StockLegend69

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StockLegend69

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StockLegend69

lololololololololololol

StockLegend69

Triple and double bottom respectably, looking for some big news over the weekend!

StockLegend69

Should bottom out around 15K, and a short term top at 23,500.

StockLegend69

While this may seem to most like the end times, this is simply a predicted channel retracement. While I am profoundly sorry for families and individuals who have been effected by the coronavirus, it was a much needed event for the markets and will now allow for a healthy, albeit scary, correction which should end sometimes in April next year once the virus is...

StockLegend69

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StockLegend69

Predicting another 1000+ point drop tomorrow cause 3rd times a charm?

StockLegend69

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StockLegend69

Broke back into channel, should see a top near $170.

StockLegend69

If your an investor this chart should sum it all up. Obviously way above the DOW's long-term growth trend. Due to the overextension, the correction will be steep and fast in a similar manner to 2008, which will culminate in a recession as the downward momentum will be to great and we will slip below the long-term trend line.

StockLegend69

Looking as the chart, we can see that during the last 3 recessionary and correction periods, the volatility, or maximum price swing channel trends, have all grown in size consecutively. In labeled periods 1 and 2, the price channel was large but ultimately broke to the downside culminating in a recession, however the break was much more aggressive in 2008. From...

StockLegend69

This time the bubble is in bank stocks, caused by stock-buybacks and lowered taxes through the trump administration. What will cause the next recession after we recover higher following the coming recession will most likely be housing defaults just like 2008.