My personal gameplan on how I am tackling these sideways choppy markets.
First, I will sell this 37% sell off that is about to occur February 20th
Second, I will buy for the explosive short squeeze 60%, wait for the dip and buy off the rising wedge bottom for another 12,000 points
Third, I will sell the upcoming 49% sell off on year 2029.
Finally, the bottom will be in place at 20,000 in 2032 and I will be holding for next 15 years until DOW 200,000
The chart I am presenting is the weekly chart. I have the up channel drawn with 4 channel lines. The bottom channel line will line up with 2029's 49% sell off.
First, I will sell this 37% sell off that is about to occur February 20th
Second, I will buy for the explosive short squeeze 60%, wait for the dip and buy off the rising wedge bottom for another 12,000 points
Third, I will sell the upcoming 49% sell off on year 2029.
Finally, the bottom will be in place at 20,000 in 2032 and I will be holding for next 15 years until DOW 200,000
The chart I am presenting is the weekly chart. I have the up channel drawn with 4 channel lines. The bottom channel line will line up with 2029's 49% sell off.
Note
Note
After this choppy sideways action for the next 10-12 years is out of the way, a new bull market will be here. I can see Dow Jones at 300,000 with in my own lifetime in about year 2060
Note
Just an observation I had made, everything in the market is calibrated to the Great Depression's 344 point high to low range expansions. 2022's top was at 107Xs and it pulled back to the 84Xs level. 107 X 344 = 36,808
What was the high of 2022? 36,799.65
The High of 2000? 11,730. 34 X 344 = 11,696
The high of 2007? 14,178.00 41 X 344 = 14,104.00
Note
Note
Finally, The 2008 crash topped at the 41 times mark and fell to the 19 times mark. Almost spot on.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.