Too many similarities with the Great Depression fractal. It seems that the Covid selloff was a perfect bear trap to ignite the final leg up of this bull market. Dow Jones Index could hit 40-50k before the bubble pops. NOT FINANCIAL ADVICE JUST AN IDEA
Will the 3rd bear market since 2000 continue the trend of: 1. Steeper angle of descent and 2. Higher % decline? NOT FINANCIAL ADVICE
Weekly Chart Rough sketch of Pre-Chart data from 2013/2014 included Previous Bear market was about 165 bars If History Repeats - new bull run begins Spring 2021 NOT FINANCIAL ADVICE JUST AN OBSERVATION
EACH MINI BULL RUN OF THE LONG TERM BULL TREND IS AT A STEEPER ANGLE OF ASCENT CURRENTLY APPLE IS ASCENDING AT 84 DEGREES SINCE THE MARCH LOWS THE NASDAQ 100 ASCENDED AT 84 DEGREES DURING THE LAST 6 MONTHS OF THE DOT COM BUBBLE
LONG TERM CHANNEL ON THE LOG SCALE IS IT POSSIBLE WE ARE REPEATING THE BREAKOUT OF CHANNEL LIKE 1995, WHICH LED TO THE TECH BUBBLE? PRICE RETESTED THE UPPER CHANNEL TREND LINE SEVERAL TIMES BEFORE THE MAJOR PUMP INTO 2000 UNTIL PRICE DROPS OF OUT THIS CHANNEL LIKE IT DID IN 2008, THE BULL IS ON