Today we reached Fibo 0.618 level. If it breaks then next target will be 27084.
Situation is IMHO very crazy, even demented. Fiat money value for FOMO people is so low.
The smell of greed and unreality is in the air. There could be such an index, I would bet on that.
So far the market is going according to the plan from 2008-9, downward was just 15% deeper.
Yesterday and today we will see huge jump up to 23800 and then back to the deep blue.
I should recalculate my risk in 60 CDF short positions to not kicked out from big play.
And guess what - Tradingview don't show me data later than 2010! Why?
DJI will continue to fall and the timeframe will be the same tomorrow as 2008 but 15% deeper. Today's low was several times 18207 so far, seems strong support. I try to hedge all my positions and I'd rather be short.
Todai BA touched 102 as I believed. This week DT will announce rescue plan for airlines and we jump back to 250 at the end of the month.
I love math and tech. analysis.
Started to go long to early, 220, 200, 145.
Let's see how many time I shall correct my vision ;-)
This is the second time, the first went completely wrong!
Here is my vision for next 3 months:
- everything happens faster about 25% (28 vs 21 bars)
- next LH 2.apr 24400
- next LL 17.apr 17000
- next LH 28.may 22500
- pivot point 9.july 16450
Trying to go long 20060 and 19750 didn't work, long from 20496.
TVC:DJI Its very similar with sept-oct 2008, when index fall 33% in 38 days and then jumped shortly 50% back.
Tonight we had lowest 22372 and Fifo 0.5 shows exactly level 26000.
Lets start to fishing, good luck and clear mind!
COST seems parabolic now. Hard to believe repeating history but there are some similarities with 2018 december earnings. With negative surprise COST can drop 15% during 2 weeks. But good news that 250§per share is good entry point!
SQ moving well in channel. Unfortunately sell order 69.95 was a bit high and didn't triggered.
Yesterday's drop touched Fibo 0.328 and I put alarm in 50% to review short long in 64.3 (Fibo 0.62) to 72.0
Yellow lines are previous estimates.
If you look inverted picture with ALT+I then probably is better to sell and start over from 64.3 level.