Dowjonesindustrial
Dow Jones (*Buyers Beware, Bear are in firm control)Bears are in firm control for now and I am seeing it shall easily go and retest the previous low near 23100 level.
For any pull up. 24,770 will hold out as a VERY strong resistant.
DO NOT blindly hold overexposed long positions.
DYODD and Trade Safe
s0nic
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DOW JONES same storyWhile big investors start to jump out of the train they kick off a bearish move... Why?
The answer is harder than you think, but at the same time it has logical decision. Since some months ago I shared with some friends about this risk, but the market just went higher over and over.
You know I like to apply maths to my trading, but at the same time history, actually economy is a social science, so as history repeats itself economy do as well.
Watch out, I'm not talking about will happen tomorrow or next week, but is something to keep in mind...
A crash could come pretty soon, because factors are more than one.
1. History
2. Currency War
3. War as the worst way we know
4. Real Correction
1. History: I already said history tends to repeat itself over and over. In 1928 everyone was very enthusiastic and even taxi drivers and shoeshine boys bought stocks without any preliminary knowledge, except by some conversations with Wall Street's people. Economy was growing to massive pace, but with an overpriced market. Calvin Coolidge as pro-business President, he went for Anti-regulation and TAX CUTS. Sounds familiar?.
2. Currency War: Currently happening.
3. War as the worst way we know: War is absolutely possible if Trump makes a mistake with North Korea, I hope not, but if definitely will hit american economy and with less budget for tax cuts, less money for government and american society.
4. Real Correction: Real correction is based on cyclical economy, in my case I support the cyclical adjusted price earning ratio, which is coming higher from last 10 years.
However, I love America and I hope to be wrong.
Learn how to beat the market as Professional Trader with an ex insider!
Have a good Trading Week!
Cream Live Trading, Best Regards!
Take A LOOK @ THe BiG Picture.Hey guys
Your remember that megaphone pattern.
Hell yea. 16.000 DOW and it crashes to 5000 area.
It came to 16.000 people waited to crash 10.000. But it didnt.
It Rallyed to 10.000 more. Yes This is crazy.
Nearly same points. Waited to go down 10.000 but it go up same 10.000.
Maybe ! This balooon came to an end.
If this crashes to 16.000 level from 26.000 levels. Crazy thing. So imaginary if it crashes to 16.000 level is it cheap ?
Hell no. This can crash to 5.000 ? MAYBE. Maybe not..16.000 BEFOre was over in mind. but now if it crashes to 16.000 people think is its free..
26.000 level is a BUBBBBLEEEEEEEEEEEEE for me..
Good LUck..
Dow 100,000 by 2028 - 2030I predict the Dow Jones Industrial Average will hit 100,000 by 2028 - 2030. To explain, let's first summarize trends of the last 100+ years of the Dow Jones:
1900 - 1954: Consolidation Rectangle
1954 - 1966: 12-Year Bull Market
1966 - 1982: 16-Year Consolidation Rectangle
1982 - 2000: 18-Year Bull Market
2000 - 2013: 13-Year Consolidation Rectangle
2013 - 20??: ??-Year Bull Market
So how long will the current bull market last? I believe the current bull market still has another 10 to 12 years, ultimately making this bull market a 15 to 17-year bull market. Of course, we will have corrections along the way; however, I expect this bull market to surge throughout the 2020s.
I believe the 2020s will be a revolutionary decade of new innovations and paradigm shifting ideas that will dramatically change the way we live. I don't know for sure what new technologies or trends will shape our future world, but I do believe this will cause a frenzy of average Joes (aka main street or dumb money) to pour into the market and inflate it to unsustainable heights.
Past examples of dumb money pouring into the markets are the 1920s, 1980s, 1990s, and mid-2000s. Of course, all of those bull runs eventually cumulated in a spectacular crash. If you look closely at the chart in 1995, there is an inflection point at which the chart starts to becomes steeper; that was the start of the dot-com bubble in which dumb money rushed in. I believe that an inflection event like that will occur sometime in the mid-2020s which will drive the stock market to euphoric heights.
Currently, there is not enough hysteria, FOMO (fear of missing out) or mass participation from the general public to suggest such an event in the near future; in fact, much of main street America has not benefited from this current bull market. Unless we get an event like the dot-com bubble or the housing bubble, in which the average Joe took on multiple mortgages because their friends and families were making money flipping houses, I think this bull market still has room to run. Right now, I believe it’s the institutional investors who are mostly driving up the stock market. Until I see more dumb money rushing in like the 1920s, 1980s, 1990s, and mid-2000s, I remain bullish on the overall stock market direction.
Of course, all euphoric bull markets must eventually come to an end, and I hope you all exit your positions richer.
For more details and technical analysis, check out my Stock Market Dow Jones Forecast 2018 video: m.youtube.com
Good luck trading,
Eddy Yang
Channeling the Dow's Channels - As I Saw Them in My Dream!I had a strange dream last night where I saw all of these weird channels on the long-term Dow chart so I thought I would try to recreate what I saw. Most likely is meaningless garbage but I thought I would do it anyway. Another thing this could be telling me is to stay away from spicy food before going to bed!
DJI 30 30KI have been waiting for this for such a long time. Finally we made a breath down so we can hop again. DJI world market stocks correction. -10% value. 100MA support. 38.2%FIB trump Rally. RSI oversold with signs for a correction. 78.6% FIB last leg of the move. Fundamentally everything looks perfect. Go for the 30K. 3 positions sizes with good RRR. Good Luck
DJI: 1,175 point loss in one day, and what to do from hereFirst off, I'll say what I did during this huge correction from the Dow Jones. After it started to falter after breaking 26,000, I started to get nervous, and was ready to pull out. I just had one holding at the time, AIEQ. If I hadn't had so much faith in Watson, I would've got out earlier than I did (Friday morning), but I soon realized my faith was misplaced once Watson failed to outperform the broader market. I managed to keep my losses fairly low.
Now to my thoughts on the DJI. I don't think it will continue to drop that much further, but I do think panic will drive it down a bit more. I don't see this as a bubble, it didn't go up because of overconfidence (but it went as high as it because so), it went up because of successful earnings reports, tax cuts, increase in jobs, among other things. For this reason, I don't think it will fall very far, as there is real value (as opposed to Bitcoin for example).
Let this be a lesson to those traders like myself who have only ever traded in the Trump economy; it's not invisible.