NQ - Nasdaq? Read Tomorrows Wallstreet JournalIt hasn’t made any sense for a long time now how the markets keep climbing.
Manipulation? Self-perpetuation?
Honestly, who cares why. As the saying goes:
“The dwarves dug too deep. And what they unearthed was their doom.”
Or, in another version:
“The greedy vultures flew too high, and all they found was gravity.”
In the chart, we see two pitchforks:
The orange one highlights the actual overextension.
The white one represents the moderated version.
Interpreting this image is simple if you have a rulebook you can trust—and a few decades of market experience under your belt. §8-)
1. **The price turns at the orange centerline.**
This means the market is in "balance"—in the context of the overextension.
Or…
2. **Put differently:** In the context of the white pitchfork, the market overshot the upper median line parallel. This was an overextension by a factor of 2.
**What do we do with this?**
We stick to the rulebook for median lines.
The rulebook says that when the price trades above the U-MLH (upper median line parallel), fails to hold, and drops back into the fork, the market will fall to the next line.
- **Orange fork:** Down to the L-MLH (lower median line parallel).
- **White fork:** Down to the centerline.
Beyond that, I **think/guess/predict/read-tea-leaves** that the market will fall much deeper in 2025.
Please note the distinction here:
- The first statement is the projection—the interpretation of the chart.
- The latter is a speculation (no crystal ball involved).
For me, it’s clear: medium-term **short** with multiple price targets.
