ES Journal - 2013

not saying it will happen, but this 4 step pattern is the same as the nikkei made when it dropped from 35k to 10 k,i think in 89 they lowered int rates to 1/2 point or zero and everyone borrowed money and invested it elswhere,dont have charts to go back that far, the dow in 87 made a 3 step pattern that stopped at bottom of 1st step, bottom of 1st step is 1486
 

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Quote from ammo:

not saying it will happen, but this 4 step pattern is the same as the nikkei made when it dropped from 35k to 10 k,i think in 89 they lowered int rates to 1/2 point or zero and everyone borrowed money and invested it elswhere,dont have charts to go back that far, the dow in 87 made a 3 step pattern that stopped at bottom of 1st step, bottom of 1st step is 1486

Not sure this pattern will repeat just yet ammo. There are several different conditions at play and there is still value well above 1500-1575.

I would love to add to the long term investments if we get another shot at sub 1300....oh mama.
 
Quote from Trvlwanderer:

Not sure this pattern will repeat just yet ammo. There are several different conditions at play and there is still value well above 1500-1575.

I would love to add to the long term investments if we get another shot at sub 1300....oh mama.
we all know the sh.. will hit the fan one day,just don't know when, king ben has realized that he's not fully clothed ,just hasn't been able to admit the no clothes yet
 
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