KEY TAKE AWAY'S: - DOW JONES (DJI)
1. If we drop -16 % from our HIGH, we will go into a Bear Market (red dotted line)
2. 80 % of the time we will also drop to -24 % according to historical data
3. 73 % of the time, if we go into a Bear Market, we will also go into a recession.
4. AND an average bear market last 1.5 years with a -34 % percent decline in price!
METHOD:
- I have superimposed the 2007-2008 Crash on top of the new already in process ABC-correction. It matches with waves and divergences on e.g. RSI.
- I have taking FA into consideration:
a. Real Estate Crisis in the bigger cities - US Real Estate Bubble about to implode also
b. Expectations to when and how much FED and chairman Powell's will raise interest rates
c. Looked at the Consumer Confidence Index (CCI) and compared it to other Market Crashes
RESULT:
We will go into a Bear Market 30.9.2019
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