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Its not really possible to gleam much from the NDX chart on a nominal basis MTU has put up due to the distortion of the wave count thats existed for while now.
Eg we see 5 waves down from the Sept 2018 peak and some fuzzy count thereafter.
But what it appears to be is in fact is either an UPSLOPING:- corrective pattern, OR alternatively a distribution zone.
The true orthodox wave peak is Jan 2018 I suspect and that is confirmed by looking at probably from a 20 or 30 yr chart.
Most of the Dow stocks appear to be or have past their MT / LT blowoff peaks unless something extraordinary happens to force them higher. See also other for example, General Dynamics / Berkshire Hathaway
Remember that we are close to the end of the 9th yr of the decade where the mkt can peak (aka DJIA Jan 2000)
Its not really possible to gleam much from the NDX chart on a nominal basis MTU has put up due to the distortion of the wave count thats existed for while now.
ReplyDeleteEg we see 5 waves down from the Sept 2018 peak and some fuzzy count thereafter.
But what it appears to be is in fact is either an UPSLOPING:- corrective pattern, OR alternatively a distribution zone.
The true orthodox wave peak is Jan 2018 I suspect and that is confirmed by looking at probably from a 20 or 30 yr chart.
Most of the Dow stocks appear to be or have past their MT / LT blowoff peaks unless something extraordinary happens to force them higher. See also other for example, General Dynamics / Berkshire Hathaway
Remember that we are close to the end of the 9th yr of the decade where the mkt can peak (aka DJIA Jan 2000)
Mkt Man
As i only took an individual's ask in addition to dearly loved that. https://imgur.com/a/ZiS8FT4 https://imgur.com/a/xG8iQif https://imgur.com/a/6qrboCU https://imgur.com/a/QeDRbdL https://imgur.com/a/2xTKjYy https://imgur.com/a/Q0X4kOM https://imgur.com/a/PcLjaK2
ReplyDelete