AEX: this first bearmarket rally is insane!
Hi traders,
As you all know, I believe the bearmarket has finally started since February 17 2020.
I have been thinking, for a few weeks, about the wave down of July 16 to Augustus 16 and the following wave up to October 12 2007. I really feel we will get a similar kind of follow up in the coming 2-3 years into 2022.
Timewise, the top should be very close. Our February 17 to March 18 2020 can be compared to the wave down in 2007. The big difference is that in 2020 we saw a decline of about 246 points while we 'only' went down 82 points in 2007. The strange thing is that 3 x 82 = 246...
After the wave down, the market went up for almost 2 months (just 2 tradingdays short). If I count 18 march + almost 2 months, I get to May 14 2020. So somehow, timewise we are 'off' now compared to the move because we are at June 5 2020. Is this a problem? I think not looking at my knowledge of Harmonic patterns ...
By the way, June 5 (today) we have a lunar eclipse and full moon . Something special is going to happen soon looking at my bible and looking at the market! June 21 a solar eclipse and to conclude the eclipse period, July 5 a lunar eclipse again…
I keep tracking this 'fractal' and also my trading system (monitoring the 60 and 15 minutes charts). When I see the top, I will short it.
I wish you all a good weekend and shabbat shalom!
Shalom,
Im
Disclaimer: think for yourself and search the truth!
As you all know, I believe the bearmarket has finally started since February 17 2020.
I have been thinking, for a few weeks, about the wave down of July 16 to Augustus 16 and the following wave up to October 12 2007. I really feel we will get a similar kind of follow up in the coming 2-3 years into 2022.
Timewise, the top should be very close. Our February 17 to March 18 2020 can be compared to the wave down in 2007. The big difference is that in 2020 we saw a decline of about 246 points while we 'only' went down 82 points in 2007. The strange thing is that 3 x 82 = 246...
After the wave down, the market went up for almost 2 months (just 2 tradingdays short). If I count 18 march + almost 2 months, I get to May 14 2020. So somehow, timewise we are 'off' now compared to the move because we are at June 5 2020. Is this a problem? I think not looking at my knowledge of Harmonic patterns ...
By the way, June 5 (today) we have a lunar eclipse and full moon . Something special is going to happen soon looking at my bible and looking at the market! June 21 a solar eclipse and to conclude the eclipse period, July 5 a lunar eclipse again…
I keep tracking this 'fractal' and also my trading system (monitoring the 60 and 15 minutes charts). When I see the top, I will short it.
I wish you all a good weekend and shabbat shalom!
Shalom,
Im
Disclaimer: think for yourself and search the truth!
