This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
In a normal year we may drop that much but look for the Fed to keep markets propped up during an election year, JMO
FED has propped markets for decades and massively so since the first QE following March 2009. As a result, the prop has largely become the market and therefore the biggest Ponzi of all time - just waiting to blow. There are natural forces operating in the market and then there is the artificial prop. These natural forces can only prevail over the prop in my view. Could blow any time really, regardless of election cycles. Sentiment is the only thing that keeps it afloat. When sentiment changes to recognise how fake and house of cards the whole global thing is then it all starts to implode. Rapidly.JMO
Alternative DOW monthly where the cycle B wave expanded flat scenario is not complete, but just about to. Means there is about 205 DOW points to go.The final wave 5 of C is a wedge under this scenario and I will post a daily count of the wedge after this message.http://farm9.staticflickr.com/8670/27622862973_5c95e31283_b.jpg
DOW daily that is the final ending contracting diagonal (wedge) that matches the monthly DOW count above where the Cycle B wave has not yet complete.http://farm9.staticflickr.com/8646/27622928103_e9dcdc170c_b.jpg