• 7 hours Gold Is Still A Safe Haven, But Not Very Alluring
  • 15 hours What Does CHina’s EV Slowdown Mean For The Battery Metals Sector?
  • 1 day COVID Report Cards Will Brand Businesses Forever
  • 2 days Trump Tweet Sends Oil Soaring 25%
  • 2 days Why The Coronavirus Economic Crash Is Worse Than You Think
  • 3 days Is A Global Currency Necessary?
  • 3 days America Has Shed 500,000 Millionaires Since The Coronavirus Lockdown Began
  • 4 days Trump Wants Another $2 Trillion Economic Intervention
  • 4 days The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
  • 4 days Priceless Van Gogh "Spring Garden" Painting Stolen
  • 5 days Oil Falls To $20 For First Time In Nearly Two Decades
  • 5 days COVID-19 Could Be The End Of U.S. Coal
  • 5 days How Much Does Your Social Security Number Cost? $4 On The Dark Web
  • 7 days Silver Stocks Have Been Decimated In The Coronavirus Sell-Off
  • 7 days How Blockchain Tech Could Make Mergers And Acquisitions More Efficient
  • 8 days America’s Shortage Of This Metal Keeps Trump Up At Night
  • 8 days Bidet Bonanza: Defying The Toilet Paper Shortage
  • 9 days U.S. Auto Sales Fall By 75%
  • 9 days Violating Quarantine? Big Brother Is Watching
  • 10 days Does Gold Still Have Some Room To Run?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

The BIG Picture for The DOW and The Possibilities Ahead

Long term count:

Dow Industrials Daily Chart
Larger Image


4HR chart:

Dow Industrials 4-Hour Chart
Larger Image


30 min chart

Dow Industrials 30-Minute Chart
Larger Image

My Bias: Neutral big downside risks.
Wave Structure: Impulsive 5 wave structure, possibly topping in an all time high.
Short term wave count: Upside from 17,066 wave 4 blue
Long term wave count: Topping in wave (5)
Important risk events: USD: FOMC Meeting Minutes.

I have updated the wave count today to account for the gap up out of the open today.

That rally and decline can be viewed as an ongoing wave 2 red.

The decline off the all time high can be counted in five waves to complete wave 1 red.

Wave 2 red should trace out three internal waves and the price could be moving up in wave c of that correction now.

19987 is the critical high right now, a break of this high will mean a slight rethink of the short term wave count.

The larger count is sound, we are at or very near one of the greatest stock market tops of all time right now.

This top could challenge 1929 in terms of the havoc and wealth destruction that followed that high.

With that in mind, I am speaking of declines in the region of 80% or even more!

The lows that are to come in the future could also be the greatest buying opportunity that ever existed!

So at this moment I am SUPER bearish on the DOW, but also anticipating the great low in asset prices that is to follow the coming crash.

At that low, generational wealth will be created, for those that are savvy enough to hold onto some capital to deploy at the low.

But first of all, there is a very significant selling opportunity at nearby highs to deal with.

The current short term wave count is labelled in the most bearish possible wave count.

Lets see how the next few days play out before we test the downside.

 

Back to homepage

Leave a comment

Leave a comment