1929 vs 1987 vs 2018
- Thread starter Error Correction Funder
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Nice work.. All 3 years had significant topping patterns!
Bounce off the '16 trendline.
From an investor perspective, nothing has changed. We closed the Dow in Feb above the 24329 level and March proved to be just a consolidation retest which was much better than producing a new high or a test of that high. The NASDAQ made its high in March so we are witnessing the divergence I have warned about with each index reflecting a different group of buyers.
The Dow is doing what the computer has warned that a consolidation period was likely for the first half. We received no major sell signals even on the weekly level that would indicate a serious correction was unfolding long-term. Technically, you could test the monthly numbers and bounce off. But keep in mind that this would most likely be confined to a reaction period. Reactions can take place with on an intraday basis or a closing basis. The fact that the NASDAQ made its record high during March opens the door for a 3 month correction in that index moving into June. That would be a 5 month correction from the Dow perspective.
Therefore, with April just penetrating the February low, this gives us TWO possibilities and that will be determined by the REVERSALS. First, we can make the intraday low in April in the Dow and then the Dow continues to be choppy and consolidate into June but not making significant new lows beyond April. If the April low is breached during May, then we can see a continued decline into June/July.
REMEMBER - it is always the REVERSLAS that confirm or deny trends. The NASDAQ has not penetrated the Feb low and here in the Composite the Weekly Bearish to watch lies at 663067.
From an investor perspective, you want to follow ONLY the Weekly Reversals or higher. The short-term trends flip back and forth and can get confusing if you are not a short-term trader. The key is not even my commentary for no human will ever be correct all the time. The NUMBERS are the NUMBERS and the model divides a market so you can see when the trend is actually changing on different levels.
Investors should NEVER look at flipping their portfolio on short-term commentary. It is only my job to lay out the possibilities basis the numbers. It is always the NUMBERS that define the trend. There are also way too many markets to keep an eye on and the computer is much better than me at that.
You do have to be disciplined. The hardest part of successful investing is to remove your emotions as much as possible from the decision process.
Thank you, but it's a ZH graph.
I'd overlay them a bit differently and throw in the Kennedy Slide as well as some other smaller crashes. I bet their shapes would be more or less identical that way.
New prediction based on Martin Armstrong's Socrates. Because of the peak in Composite in the week or 4/2 which created a new low in the Dow, next week should be net green. I believe the week after should be as well. We may see it peak at that time OR the week after, in the last week of April. Now, the last week is a Panic Cycle. This typically creates a low and a high, but not always. A Composite peak with a Panic Cycle gives a high probability of a reversal. It seems that the last week of April will be net red with a high amount of volatility, as shown my a peak in the vol readings.
The graphics on that chart look like Nintendo’s Tecmo Bowl from 1990.
New prediction based on Martin Armstrong's Socrates. Because of the peak in Composite in the week or 4/2 which created a new low in the Dow, next week should be net green. I believe the week after should be as well. We may see it peak at that time OR the week after, in the last week of April. Now, the last week is a Panic Cycle. This typically creates a low and a high, but not always. A Composite peak with a Panic Cycle gives a high probability of a reversal. It seems that the last week of April will be net red with a high amount of volatility, as shown my a peak in the vol readings.
Well, it was made in the 70's-80's...
Haha indeed.
Jackpot did you pay for access to it or where are you gettung these from? Did I see you say it has stuff modeled back to roman times? Freaking awesome.
Some are posted publicly, some on the Private blog, which costs $15/mo. There is a free trial, and they are posted randomly. I The one I posted was on the public blog. And yes, modeled back from Roman times, there was a chart that chowed the collapse of the Roman silver monetary system as well. I believe the system is still in process of transferring on to online, so many functions will still take a while to be available for the end-user.