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Downjones

Ready for the pump?1612 -> Dutch stock market down 60%. 2.31->0.98. Goes back up in just a few years. 1720 -> British stock market down 67.6%. 12.5->3.07 (65 years before it starts going up so calm down with "just hold"). 1835 -> US stock market down 73.5%. 36.6->9.7. Goes back up in just a few years. 1929 -> US stock market down 90%. 381.2->41.2. Goes back up in just a few years. 2020 -> US stock market down 85%. 30k->5k. Central banks cannot start the engine. Decades before going back up. Going to make a more detailed idea on this later on. The stock market has to crash and when it does there won't be any stopping it. But for now, I think they are going to pump it, buy some time, pass that hot potato to someone else. Target 30-35k. I am not taking that trade because I have a small account and want to grow it as fast as possible. No diversification, no long term bets. I'd rather focus on taking good trades but for my own protection (lol) I am limited in my choices. Doesn't mean I don't believe in this. I didn't bother looking at where the SL would go since I am not taking it :'( Maybe a little under 26500. FOMC very soon. Good news = buy. Bad news = wait for Donald Trump tweet ;) Let's see what effect this has on currencies too.
TVC:DJILong
by MrRenev
3
Down Jones---Bears appear (?)The Down Jones Index show price reversion, starting with the Elliot Waves count we can see wave development respecting Fibonacci Levels as much as Fibo retracement like Fibo extension confirming a possible new moviment reversion. Furthermore there are more patterns that indicate us, complementing our methodology. Potential scenarios: *Wave C *The price make a new high in the subminutte Wave 5 going to the 200-261.8 fibonacci extension zone for later make the wave C *Price going to 200-261.8 zones and breaking the triple module clavicle confirming the down of the price *Fake Wave 4 finished and new Impulsive Wave *WXYZ... * *
FOREXCOM:US30Short
by UrielEvia
2
Shorting Mr Dow JonesHello, we are hitting all kinds of resistances, as shown by the 3 blue lines. Also, the momentum slowed down. I noted the RSI divergence but oscillators are really useless in my opinion. It is just to "visualise" better here. The price went up during shutdown, it has been a while, for some reason the stock market went up during that time. If there is a correlation, well the shutdown is taking a break, so price should stop going up? Maybe maybe not, just one more reason to short. Longest in US history btw. If the EW is to be correct price will not go much further. I am not blindly obsessed with risk reward I think it is overrated, but anyway this is a really good area generally, with decent odds and best RR. You can also set a SL higher than what I showed, just above swing high at 26000 points. I like it where it is, if we go that far... the odds are really low of going down, I mean... all the trendlines do not make any sense anymore, that means one of the main reasons to take that trade is invalidated, so... no point having a SL further. In my opinion... With a stop loss at -- check broker -- 25677, the minimum risk for 1 CFD will be ~50$ I think. Cannot go smaller than that. I know in crypto there are alot of tiny traders making troll orders, but min is going to be 2500$ position here, and risk 50$ for that. 10 CFD = risk $500. Time to completition, to give an idea of the timeframe, lose would be a few days, partial profit if it gets hits *should* be hit in a week or two or 3, full profit in weeks to months.
DJ:DJIShort
by MrRenev
8 of world's 10 biggest companies are americanHere is something I never posted about, I am sure I mentionned it but did not allocate more than 1 line to it. Here is the top 10: Apple Alphabet Microsoft Amazon Tencent Holdings (social media, microtransaction infested mobile games, league of legends moba, etc) Berkshire Hathaway (Warren Buffet financial holding company) Alibaba Facebook JPMorgan Chase Bank of America Mainly famous names, except perhaps the 2 I described between parentheses. Let's look at the past. Back in 2007 the super high market cap podium was full of european companies. etc... Back in 2000 if you do not know already, the uber-cap were the overvalued "infinite productivity" revolution us tech stocks. Back in 1990 the uber-cap club was full of Japanese companies (Satoshi...) In 2018 8 of the world's 10 biggest companies by market cap are american... I wonder what could go wrong? BITCONNNEEEECT! Forums & social networks are full of bagholders reassuring each other, and "buying more" and "selling my house to buy the dip this company is extremely undervalued". RIIIIIIIIIIIIIIP. Just go take a look.
TVC:DJI
by MrRenev