Hi members, the purpose of showing a crash chart like this is not to frighten eveyone or cause panic. Nobody knows when and what is the trigger that cause a crash to take place eventually. So, please take this chart as a pinch of salt.
However, I encourage members to use the chart more as a guide or a roadmap for your trading/investment strategy. If chart moves in similar pattern above, the probability of crashing will increase. There is no right or wrong answers in predicting the chart pattern - One can argue that he/she seeing more of double tops or bullish formation of chart heading up. In my humble opinion or more of a hunch, I see that we are currently at point 3 of the chart. So, there is going to be a minor pullback to point 4 next, index slightly lower than 3. The last run up will ends at point 5, which will be a top top top formation. The wave leading to point 5 could move slightly higher than 3 or by a big mile. The fall will then follows after point 5. How much, how far and why the drop? I do not have the answers.
The indexes above have shown some inconsistency last night 27th Nov 2017. DOW closed green but Nasdaq and S&P 500 already started to go lower. It could also be viewed as bearish divergence. This is just one of the signs traders or chartists like to use for more accurate reading of market movements. I think there is still some room or time before things really head south.
No comments:
Post a Comment