I will not spend much time describing this as the chart is pretty much self-explanatory. I have plotted Dow Jones trend of 1915 - 1945 (orange line) which includes the Great Depression against the trend of the recent decades (late 90s to 2020) which is displayed in blue. Do you think they look similar? And if so are we currently on a similar counter-trend rally...
DJI during Great Depression following current SPY
The Awesome Oscillator (graph below) went from negative to positive this month (MAY 2020). The last two times this happened in 2001 and 2008, recessions hit the US and the world economies were shacked. Is this the starting point of the downward acceleration spiral?
Unemployment rate in the US has increased at a very accelerated rate.
The last time the gold/silver ratio was breaking out in this manner was in 1929, and following the breakout, the ratio moved higher and higher and higher for YEARS. Be wary of the gold and silver perma-bulls. Gold is a necessary part of every portfolio as both a deflation and inflation hedge, but silver isn't. Silver is treated as an industrial commodity by...
The similarities on the chart alone are eerie so far...
We have just experienced the largest market sell-off in history, just few weeks ago it was difficult to see where price would find some support - especially when market circuit breakers where triggering left, right and centre. As we're in the midst of the largest global health/economic crisis for at least the past 100 years, its clear the aftermath ripples of...
We have the chart here that shows the beginning of the Great Depression in 1929. Do you see it? Compare it to the current dow jones history. I see an almost 1: 1 same course. Well, just a little suggestion. Tip: After that it went down another 3 years.
"History doesn't repeat, but it does rhyme" - Mark Twain.
I apologize for not posting as frequently or providing more video updates on the crypto market. I've been incredibly busy with moving and dealing with fallout from the virus, as I'm sure many of you are as well. Before I delve into the analysis, I'd like to take this time to talk a little bit about why I think TA is so fascinating. Some may say that yes, it can...
- First spike lasted over 2 months reaching -50% drawdown from ATH - Then there was +52% dead cat bounce within 5 months, before the worst... - Finally the market went into 27 months bear market reaching -89% drawdown from its ATH During this bear market worldwide GDP fell 15%, for comparison in 2009 fell only 1%. This is how The Great Depression started lasting...
If you've been following me here, on YouTube, on Facebook, or on Twitter, then you know that, for the past 1.5 years, I have been warning that the 2018-2020 trading range is likely distribution, using point and figure charts as well as volume and price action as evidence. I have also continually pointed out the fundamental similarities to 1987, 1999, and 2007....
If you survive the Coronavirus Global outbreak, if you have cash reserves, if you sell today, if you wait for the market to crash 50 percent or more. I promise you’ll be rich is you buy the dip thats coming. Dow Jones Will hit 15000 to 10000. There is a great disturbance in the world, and when there’s blood in the streets BUY BUY BUY! Upcoming Great Depression!
A gorgeous bearish divergence is upon us thanks to the BTC friendly virus...
DOW JONES IN GOLD TERM , NOW WE ARE IN THE LEVEL OF 1929 .......
HEY!!! So i did a analysis on the DXY index for next few months and it does not look good for the dollar. Check out this video analysis on the DXY index.
Its happening again. The last time was the Great Depression! 33,000 people starved to death then. What will it be like this time?