Buck Naked
DP Veteran
- Joined
- Dec 11, 2010
- Messages
- 1,280
- Reaction score
- 240
- Gender
- Undisclosed
- Political Leaning
- Undisclosed
WARNING! The Dow Jones Industrial Average, as well as all other major stock markets, are nearing their peak and the Great Bear is about to come out of it's 87 year hibernation.
I don't forecast this with any pleasure as major bear markets affect retail investors the most and that equates to 401(k) and 457 plan holders being dramatically affected over the next 15-20 years.
I don't use news or politics to forecast this dump, as price charts are not formed and plotted on either. Instead, I use the only long term viable forecasting method labeled as Elliot Wave Principles, a method even the most experienced traders/investors have difficulty understanding and using correctly.
I'm not advising you on what to do with your portfolios, but I am asking you, how much are you willing to lose before you realize this upcoming major bear market is like no other in your lifetimes.
What I'm forecasting in general.
After the All Time High completes, the DJI won't make a new high for AT LEAST 10 years.
The DJI will nosedive AT LEAST 38%(to $17000) by the first half of the year 2020.
A Bull Trap will form after the nosedive completes.
The DJI final low will be somewhere between $13000- $5000.
Be prepared, protect your investments, and don't fall into the trap of denial. The DJI, from a market psychology point of view, is now in it's delusional phase. The DJI is nearly completing its the long term Cycle Third Wave. The long term Cycle Fourth wave(which is down) will be the greatest in our lifetimes, like no other experienced.
Please learn to protect investments and retirement accounts.
I will post when I believe the DJI hits it's peak, which I currently forecast in the range of $27400-$29000. Each stock is different and I have already sold some, but I will sell all my stocks when the DJI hits $27400 as the downside far outweighs the upside.
I don't forecast this with any pleasure as major bear markets affect retail investors the most and that equates to 401(k) and 457 plan holders being dramatically affected over the next 15-20 years.
I don't use news or politics to forecast this dump, as price charts are not formed and plotted on either. Instead, I use the only long term viable forecasting method labeled as Elliot Wave Principles, a method even the most experienced traders/investors have difficulty understanding and using correctly.
I'm not advising you on what to do with your portfolios, but I am asking you, how much are you willing to lose before you realize this upcoming major bear market is like no other in your lifetimes.
What I'm forecasting in general.
After the All Time High completes, the DJI won't make a new high for AT LEAST 10 years.
The DJI will nosedive AT LEAST 38%(to $17000) by the first half of the year 2020.
A Bull Trap will form after the nosedive completes.
The DJI final low will be somewhere between $13000- $5000.
Be prepared, protect your investments, and don't fall into the trap of denial. The DJI, from a market psychology point of view, is now in it's delusional phase. The DJI is nearly completing its the long term Cycle Third Wave. The long term Cycle Fourth wave(which is down) will be the greatest in our lifetimes, like no other experienced.
Please learn to protect investments and retirement accounts.
I will post when I believe the DJI hits it's peak, which I currently forecast in the range of $27400-$29000. Each stock is different and I have already sold some, but I will sell all my stocks when the DJI hits $27400 as the downside far outweighs the upside.