There is a lot of talk of an impending crash in the markets, which of course none of us can foretell - but we can look at history to see what has happened in the past and then look to see if any similar signs might be developing now! http://www.investopedia.com/features/crashes/crashes10.asp My opinion is that we could see a major decline start between now and 9/1/2015 (US date format). J_S
Update - major decline start between now and 8/24/2015 - 9/1/2015 (these 7 trading days could be significant). Approximate drop in indices from now to 9/1/2015 Drop in SPX = 826 points Drop in INDU = 5,936 points Drop in NDX = 1,980 points Of course I might be way off with the timing and levels, but I might also be close? Only time will tell - my opinion only J_S
It would be rude of me to just post my opinion of direction, dates, and levels, with no mention of how I came up with same, so I will post the chart I used. I am reluctant to mention what is on the chart, as it might send some people off in the wrong direction and cost them some money if they try and trade same. Some traders will know what the chart is about. A more thorough check has resulted in the following changes, as the chart does not lend itself too kindly to lines on such a wide timespan - so actual dates had to be taken instead. Better to measure twice and cut once! Start date for decline still as of now. End date for decline is now 09/02/2016. A steep decline may start from 10/02/2015. Levels stay the same. Still just my opinion of course J_S
J_S, you aren't fooling me, so why the sophistry? From your writings you have used certain phrases that are characteristic of certain TFF member(s). Your options posts are reminiscent of TO. The apparent difficulty you displayed trying to get the easy pdf password was a bad case of overacting. Of course MrC was in the TFF as has been stated but you suggest otherwise just to appear dim.
Hi, Your chart is interesting, and I think I get it. Surely one way of the FC's moving through the market. Cunning. Your moves indicate a 50% and 56% retracement's, your implying a couple of the indicies will be more volatile than the other. Interesting in itself. Not sure how you get the dates..or why you pick those levels. They surely are very very interesting levels when I zoom in and look closely. Regards Bogan22
B22, It is no more then what the article noted about past crashes, a little bit of looking back to see if any similarities are now showing, which it appears there are. Will it hold true, fact is no one can say for sure, but everyone knows about cycles and they just don't suddenly stop! My timing could be out by a few months, meaning we could see new highs in the near future, but unless the recent highs are taken out then we have started and could easily see a big sell off like in the past, anytime! This is why it is a lot easier for some to daytrade and not hold overnight positions, as large enough gaps could be around for a while to come yet. The dates and levels are based on the chart. J_S
JS, Thanks for the reply. Can't quite see where the dates come into it.. but I'll study it further tonight. Do you have another example of the above phenomenon? My chart has been adjusted and looks different to the one you have posted. Regards Bogan22
Well, MN has been with these threads and interacted with the OP's from the beginning. I'd tend to trust MN's judgement on such issues. Regards Bogan22 182
This is what I was thinking for some time too. The writing is very similar. Also you may notice the red, green and blue on last chart ( RGB what do I see ?), though it might be only coincidence. And you can see similarity with measured moves from TO. Here is one of TO's chart : But well, whatever who is who, the important is to read what is in the ink and think for ourselves. 030985