Dec, 31, 1999
"Today, on the last day of the outgoing century, I resign," Mr Yeltsin said.
For more than 20 years, Putin's Bulls Market still is on the run. Possible drop is 90% in case of trend breakdown.
Large triangle could emerge to shape a huge consolidation.
Last wave E down is in progress. The trick is that it could be over already as last wave within a triangle could be short.
On the other hand it could retest the downside support to complete the pattern in the 650-700 area.
This option coincide with my idea that oil and ruble will drop one more time.
After...
Russian index is also getting prepared for a snapback rally. The wave will be X wave so you can expect it to be wild, volatile, ugly like a bone cutting saw. Or it can be a sharp, almost straight zigzag. It can be anything. You should probably stay away from trading it. I'll make a few small bets for fun.
While seeing the top in SPX500 in coming years, I looked into RTSI (Russian Index). What I saw sent shivers up my spine. I do not know what will happen in 2024-2030, but this certainly does not look good.
I'd like to share my thoughts about the current situation on MOEX:RTSI Index as a major stock indicator on the Russian Market. Since 2008 RTS moved under the strong resistance line and was lucky built a support line. Into this triangle we were moving more than 10 years and finally at the beginning of 2019, we broke the resistance line and shown the power to move...
Time price levels based on GANN square of 9
Note: if 20xii19 will be local extremum high then alt count of price levels will be used:
up
1304,1327,1369,1430,1512,1613
DN
1295,1272,1230,1169,1087
not marked
