1929. 2019.
Updated
Something makes me want to mention these 2 years together :)
DJI going as I planned, up to ath with bearish divergence on the monthly. I can't really tell where it will go down, what to look for, I have not done extensive research on it.
I spent the past 6 months doing research on Forex, and the past 15 days I have worked on a new strategy intensively. Just non stop. I lost weight even.
Time for me to take a break and look at other things.
Sooo... this is just for fun. I am not going to analyse it in depth, I need to take a few weeks off doing research.
I am sure there are ways to get an entry etc but I don't see the point.
There are more profitable ways to trade... Maybe this is just "easier" than doing months of mathematical research lol, it definitly is easier.
You should ask Nouriel Roubini (the big crypto bear) when to short the stock market ponzi, he must know I heard he made a small fortune with last recession, now he invites young women in his expensive appartment, gross. I don't know if he watching the us stock market that much thought I would be willing to bet he is all in short on the Bitcon ponzi :)
Ye I guess it goes to 29500 or something idk. I kinda want to try figuring out when it reverses but I kinda spent 6 months doing research and I just want to chill now and let my custom indicators scripts and bots dpo the work for me :p
Maaaybe the top happens when there is divergence also on lower timeframes. But calling the top is only for style points.
Any strategy will do, MA crossover or something.
Maybe I'll try to backtest some of my strategies on this (I "only" have 2 that are really good & I use for daytrading but I also got a bunch of strategies I do not use and have not fully tested that I might be able to use here). Or I could go by gut feeling, I have traded crypto based on gut feeling for a few months and it has gone well :p
Can't make my mind.
Maybe it doesn't even reach 30000.
Just go look at what happened right before previous crashes (that was have charts for - cannot check 1825) US or other.
It won't fall instant but it can go fast: institutions are the first to "panic sell". As soon as something looks bad, they get out, and tell people to be careful.
People tell each other that weak hands sell & wall street is trying to fool them. They hold and hold and say that THEY have the balls to stick around when everything is going down. They never accomplish anything in their lives, and never realize how dumb they look.
If it was me I would have already sold some of my investments by now and would dump the rest around 27000-2800 points by now.
Remember we MIGHT be going up, but since 2000 we are in a bear cycle at the end of a Kondratieff wave (30/60 years). They end brutally...
There was a cycle named after this guy that lived in commie land (they got no cycles rofl, communist countries are just perma bearish, the Russians did not like his theories very much :>), that was centered around Innovations (electricity!!! How big is that) and it run from 1880 to 1930. 1930 people... You know what happened in 1929? There was another cycle (automobiles for every one! Even Hitler created volkswagen, cars for every one, pretty big if you ask me) from 1930 to 1970 roughly. You know what happened to the stock market in the 60's to mid 70's? :)
Then the next cycle started with computers. Microsoft, IBM, then the internet later on, Google, Apple, Nasdaq, phones, smartphones, widespread color television (maybe I should have put this at the beginning), everyone knows what is happening every where on the planet... Pretty big once again...
1880-1930; 1929 marks the end very violently... We are now in the ~1970-~2020 cycle... 2019...
Hey maybe that "I have one of the highest IQ's" trade warmonger is going to be remembered for centuries as "the moron that shot himself in the foot and cause the great crash of 2019"? I would laugh SO HARD.
Hey, remember to "grab her by the**** I am a true 70 yo alpha male with a micro penis complex"
Anyway, it is clear to me something is wrong. We got all these idiotic SJW's that are getting extreme, and really tiresome tbh. When it gets that crazy, something's about to happen.
Next cycle 2020's to 2070's is going to be renewable energies mark my words. Economists say big pharma too. Maybe idk. So many morons are saying we can keep going forever and global warming is a hoax. Same idiots as usual. Maybe we don't run of Oil this century but even then we will see companies focussed on using it more efficiently, and it is not just all about oil. Just invest during the next crash, sell in a decade at a hefty profit, then invest in the new renewables bubble no one cares about, and dump on the same fools when they give in and rush to buy. GG EZ noobs.
Feels good to do some fundamentals from time to time, makes my brain feel relaxed. I am telling you I made so much mathematical analysis of chart I wanted to neck myself in the end. But got 2 awesome strategies now. GG for me, road to living in a castle.
PS: here
Cannot get any easier to see... Of course every one recommands to avoid daytrading/scalping and to do position or swing trading. How easy and obvious can this be? It is impossible to lose unless you miss half a brain or something here...
DJI going as I planned, up to ath with bearish divergence on the monthly. I can't really tell where it will go down, what to look for, I have not done extensive research on it.
I spent the past 6 months doing research on Forex, and the past 15 days I have worked on a new strategy intensively. Just non stop. I lost weight even.
Time for me to take a break and look at other things.
Sooo... this is just for fun. I am not going to analyse it in depth, I need to take a few weeks off doing research.
I am sure there are ways to get an entry etc but I don't see the point.
There are more profitable ways to trade... Maybe this is just "easier" than doing months of mathematical research lol, it definitly is easier.
You should ask Nouriel Roubini (the big crypto bear) when to short the stock market ponzi, he must know I heard he made a small fortune with last recession, now he invites young women in his expensive appartment, gross. I don't know if he watching the us stock market that much thought I would be willing to bet he is all in short on the Bitcon ponzi :)
Ye I guess it goes to 29500 or something idk. I kinda want to try figuring out when it reverses but I kinda spent 6 months doing research and I just want to chill now and let my custom indicators scripts and bots dpo the work for me :p
Maaaybe the top happens when there is divergence also on lower timeframes. But calling the top is only for style points.
Any strategy will do, MA crossover or something.
Maybe I'll try to backtest some of my strategies on this (I "only" have 2 that are really good & I use for daytrading but I also got a bunch of strategies I do not use and have not fully tested that I might be able to use here). Or I could go by gut feeling, I have traded crypto based on gut feeling for a few months and it has gone well :p
Can't make my mind.
Maybe it doesn't even reach 30000.
Just go look at what happened right before previous crashes (that was have charts for - cannot check 1825) US or other.
It won't fall instant but it can go fast: institutions are the first to "panic sell". As soon as something looks bad, they get out, and tell people to be careful.
People tell each other that weak hands sell & wall street is trying to fool them. They hold and hold and say that THEY have the balls to stick around when everything is going down. They never accomplish anything in their lives, and never realize how dumb they look.
If it was me I would have already sold some of my investments by now and would dump the rest around 27000-2800 points by now.
Remember we MIGHT be going up, but since 2000 we are in a bear cycle at the end of a Kondratieff wave (30/60 years). They end brutally...
There was a cycle named after this guy that lived in commie land (they got no cycles rofl, communist countries are just perma bearish, the Russians did not like his theories very much :>), that was centered around Innovations (electricity!!! How big is that) and it run from 1880 to 1930. 1930 people... You know what happened in 1929? There was another cycle (automobiles for every one! Even Hitler created volkswagen, cars for every one, pretty big if you ask me) from 1930 to 1970 roughly. You know what happened to the stock market in the 60's to mid 70's? :)
Then the next cycle started with computers. Microsoft, IBM, then the internet later on, Google, Apple, Nasdaq, phones, smartphones, widespread color television (maybe I should have put this at the beginning), everyone knows what is happening every where on the planet... Pretty big once again...
1880-1930; 1929 marks the end very violently... We are now in the ~1970-~2020 cycle... 2019...
Hey maybe that "I have one of the highest IQ's" trade warmonger is going to be remembered for centuries as "the moron that shot himself in the foot and cause the great crash of 2019"? I would laugh SO HARD.
Hey, remember to "grab her by the**** I am a true 70 yo alpha male with a micro penis complex"
Anyway, it is clear to me something is wrong. We got all these idiotic SJW's that are getting extreme, and really tiresome tbh. When it gets that crazy, something's about to happen.
Next cycle 2020's to 2070's is going to be renewable energies mark my words. Economists say big pharma too. Maybe idk. So many morons are saying we can keep going forever and global warming is a hoax. Same idiots as usual. Maybe we don't run of Oil this century but even then we will see companies focussed on using it more efficiently, and it is not just all about oil. Just invest during the next crash, sell in a decade at a hefty profit, then invest in the new renewables bubble no one cares about, and dump on the same fools when they give in and rush to buy. GG EZ noobs.
Feels good to do some fundamentals from time to time, makes my brain feel relaxed. I am telling you I made so much mathematical analysis of chart I wanted to neck myself in the end. But got 2 awesome strategies now. GG for me, road to living in a castle.
PS: here
Cannot get any easier to see... Of course every one recommands to avoid daytrading/scalping and to do position or swing trading. How easy and obvious can this be? It is impossible to lose unless you miss half a brain or something here...
Note
Oh ye, Nasdaq going to fall harder btw.Note
A major bull market has begun. Bear market is over, we are back above ath.This was just the beginning. A massive bull market is coming. I am a shoe shine boy giving advice to a renown master, and I will borrow money to buy on leverage.
Could go down even before 2019, idk.
Note
Lower TF RSI divergence can be used to try and pinpoint top, but risky. Warrior way.Simple trendlines can be used too. Probably institutions sell when we lose the line.
etc, good luck
Note
Just looking at the chart, it is not unrealistic at all to expect a major bear market.The biggest since 1929.
Everyone is buying the indices.... The public...
The only returns people get (well not the only but...) come from the price going up in a "greater fool" fashion.
But all I am interested in is:
- Short term trading the high volume chart that behave themselves following my repetitive setups, rince and repeat, and get better / more skilled every trade (it is not a precise science I have to "feel" how the market is going on top of my conditions, know when a pump I should avoid when I can fight it etc)
- ONLY buying shares when they are great companies and HEAVILLY down, like 50%
If I have to wait until 2030 so be it.
This is just me, since childhood I have been both very impatient and very patient, this means I either will do a sprint or a long long walk, but no 30 min - 1 hour marathon OH NO I hate that. Either very slow or very fast :)
Sorry cannot tell where top would be, not even sure one could with spending countless hours.
For those looking to short, wait for it to go down first then retrace to a resistance. Unless you know something I don't / like very high risk.
Here's the screen
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