!!! DJI 1937 DO YOU BELIEVE IN COINCIDENCES ??? DEJA VU ???
Updated
In the late 1937 after the great depression huge money printing have happened in order to stimulate the economy... Many successful investors and portfolio managers have mentioned that we have been in the last cycle of the business cycle ! According to one of the most successful money managers Ray Dalio we have been in a similar perdion as the late 30s period. After looking at charts it turned out that we are in TOO SIMILAR situation. Sell off have occurred after a huge rally that sell of has formed bearish cypher pattern. RSI have been showing overbought condition with bearish divergence. The bull trap has occurred after that with new hopes new believes for the bright future... But all of a sudden bad things start to happen and they GRIND ON slowly but surely. Just thinking about it... Hopefully there is some more room to go but all of that money printed all of that huge debt, slowing economic growth, trade tensions negative bond yields, few EU economies close to a recession it seems to me that thing might become really really BAD. Gold has appreciated significantly in the last 4 months... Be prepared. GOOD LUCK
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