Are #Stocks expensive? No measured against M2 money supply
Updated
The 2000 Top was still the "real" peak of the US stock market
Built obviously on the expectation that the internet would change the world and teh global economy.
This highlights how the market foresees the future and how market participants are forward looking.
The #DownJones index is still 50% down form that peak
on this chart you can multiple chart patterns tat have played out previously
HVF's, double top, head & shoulder tops, and inv H&S bottoms
currently in a 22 year continuation inv head and shoulders which is still in progress
my stance is Top in April/May 24 .... downdraft into the election and a run up for 2/3 years into the Giga Uber TOP
Built obviously on the expectation that the internet would change the world and teh global economy.
This highlights how the market foresees the future and how market participants are forward looking.
The #DownJones index is still 50% down form that peak
on this chart you can multiple chart patterns tat have played out previously
HVF's, double top, head & shoulder tops, and inv H&S bottoms
currently in a 22 year continuation inv head and shoulders which is still in progress
my stance is Top in April/May 24 .... downdraft into the election and a run up for 2/3 years into the Giga Uber TOP
Trade active
Just under 10% before we complete the right shoudler.Trade active
2.5% till right shoulder completionTrade active
doing some neckline testing
Note
testing testing
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