Princess_Gwen

Princess_Gwen

Princess Gwen here, making guesstimates. A Princess likes to know what to expect, which is why this Princess likes graphs. And the graph to reference here is the Dow Jones in 1929. Yes, that's right, we've gone past the 2008, past the 2000. To get any kind of estimate for what to expect, I went back to see how the Stock Market behaved in the big crash. I'm...

Princess_Gwen

Princess Gwen here, from the top of the Eiffel Tower. A Princess simply must go to Paris to see the sights and take in Fashion Week. And this Princess can't help but wonder if the market is now finished taking in the marvelous view from the top of the Eiffel Tower, and is ready to come back down. It's hard to get a sense of just how tall the Eiffel tower is...

Princess_Gwen

Princess Gwen here, after what I only just realized was three months away. This princess was watching the stock market take off like a rocket. Indeed, we now have the market going parabolic. If there's one thing I will NOT trade, it's a market when it goes vertical. People go a little crazy when things get to these points. If you find people screaming that a...

Princess_Gwen Updated 

Princess Gwen here, watching conditions atop Mount Nasdaq. All Princesses love skiing, but even a Princess knows not to go out when there's an Avalanche warning. Nobody can predict when an avalanche will happen, only when the conditions are right, and boy does this thing look like it wants to break down. A confirmed breakdown from a huge wedge that has been...

Princess_Gwen

Princess Gwen here, atop fabulous Mount Nasdaq. Like any Princess I like skiing on pristine mountain tops covered in perfect snow, but even a princess knows to avoid avalanche zones. This enormous wedge is giving every indication that it's about to break down in a huge tear. The MACD is still diverging downwards, and each new high just makes a lower peak on...

Princess_Gwen Updated 

Princess Gwen here, and like any Princess, I love castles. I mean, of course, right? I think Ether might be building a castle right now. Things like this happen at the bottom of a market. People get super excited, the price goes parabolic out of nowhere, and then it comes back down again. Litecoin did something similar in July of 2015. The question is how far it...

Princess_Gwen

Princess Gwen here, awake after a long slumber through dull markets. Markets were very boring, and a Princess needs to be fresh for any actual big market moves, so this Princess took a long sleep in the enchanted forest. But goodness, I'm awake now. Everyone in the world seemed to discover this past week that bad financial news was actually bad. Up until...

Princess_Gwen

Princess Gwen here, with a bit of déjà vu. I was looking at a monthly graph of the Russell index, when I realized that it is doing the same thing now that it did in 2008. I've been pointing out the similarities between the Nasdaq now and the Nasdaq from that same period, but it's even closer with the Russell. I'm not sure why, maybe because you don't get the...

Princess_Gwen

Princess Gwen here. A princess needs to think ahead, and this one is very focused on the US stock market right now. So, I'm just going to call it. I think markets will be at half of their peak values by the end of March, 2020. After that, who knows? Thus far we have been in lock-step with the major moves that were made in 2007-2008. The timing of market...

Princess_Gwen

Princess Gwen here, and I am Bored, Bored, Bored. What is a Princess supposed to do while waiting for a market to do something interesting? One can only go to so many parties. Eventually a girl wants some market action. Back in January, I said the Nasdaq (and by extension, all markets) would trade sideways for a good long while, as we wait to see what ugly thing...

Princess_Gwen

Princess Gwen here. Not all frogs are Princes, so a Princess needs to have a backup plan for her finances. If we continue to assume that this market behaves exactly like it did in 2008, and there hasn't been any reason yet to think it won't, then there should be a move down now which tests the previous support level. In 2008 it actually overshot the first...

Princess_Gwen

Princess Gwen here. A princess can't always get mice to sew her clothes, sometimes she wants couture, so her investments must be profitable. Now that the Nasdaq has broken down and seems content not to break down further, I thought I'd do a longer term look at where I expect the market to go for the next few months. If we follow the pattern from 2008, there...

Princess_Gwen

Hi Everyone, Princess Gwen here. A Lambo is better than a pumpkin carriage, and to have one I've got to keep my investments profitable. Now that the Nasdaq has finally broken down from long term resistance, I thought I'd do another look back at the first half of 2008, before the banking crisis hit. It seems to me like we're reliving this graph, 11 years...

Princess_Gwen Updated 

Princess Gwen here, after a Magical Holiday in the Kingdom. Royal Christmas feasts don't pay for themselves, and this Princess likes to entertain in style, so she must watch the markets. I've gotten a lot of traction comparing this market to the 2007-2008 collapse, and so, if it continues as it has been, we're now roughly halfway through the first big market...

Princess_Gwen

Someone mentioned Amazon recently in the context of Bitcoin. Amazon, post-2001, was in the extended Bear market 2001-2002. It's hard to remember now, but in 2001, Amazon was a junk stock, a remnant of the Dot Com bust. At the lowest point, you could pick up a share of Amazon for $6. I like to remind myself of that. It was a 94% fall from the peak. Bitcoin...

Princess_Gwen Updated 

Princess Gwen here, looking after her kingdom's investments. If she wants to buy her ballgowns, she has make good investments. The whole US Market is on shaky ground, but no market more so than the Nasdaq. Just as the FAANG stocks carried the market to new highs, the same FAANG stocks will pull it down. This set of stocks either have already, or soon will form...

Princess_Gwen

Princess Gwen here. Diamonds are a girl's best friend, and they don't come cheap. I looked at the chart for the 2007-2008 market earlier to get some perspective. I pulled it up again on the Daily, and realized that it looks almost exactly like the last month or so. What's even more weird is that there was a similar, big rise on November 28 of 2007. The one...

Princess_Gwen

Princess Gwen here, with a second look at the next possible move for Bitcoin. This princess hasn't met any old crones with good advice, so she must find her own path to good fortune. If anyone remembers back this far, Bitcoin was at $1,000 two years ago. A full Fib retracement would bring it back down to $1,000. However, back then the total market cap for all...