You guys know the NAZ is going below 10k....

probably better shorting now that going long.
But i quite like the chart. I also think we're going 3200 ish on this move (ES)
Should just keep getting big red weeks going forward. I'm short here. Will add if we rally but don't see it happening. And any rally is a shorting opportunity

 

Yes Sir, I do. I agree it is too much to view all at one time in one shot. This is why its best to gauge it one step at a time. The first step down is to the Corona virus low of March 23, 2020 = 6,600

This is a Depression - bigger than 2008 and 1929

An eqsier way to look at it is that Nasdaq will correct to the previous wave 4(s) ........... i.e. Coronavirus low of March 23, 2020 (6,600) AND March 2009 (1265)

 

It sure would explain a whole heck of a lot if Overnight is a vendor here.

 

Just stay focussed on 6600. Block out all else. We got to get there first, then then can we go lower. Keep it simple, stay focussed with eye on 6,600 and you will do just fine with the short.


See the grey rectangle? Keep eye in there. That's a near defo destination cast in stone.

 

Perspective from Bloomberg today ............ ( see the reference of this BEAR to the Great Depression year 1931 in chart below? And our current BEAR is onoy in its infancy and already is outclassing the GD of 1929-32)

Make your millions in the next 3 years during the BEAR. Most will get slaughtered but WE will prosper because WE ARE AWARE that BEARS are tremendous opportunities to mint.
Don't miss out!!!

 

Dig this evidence too about how THEY are underestimating this BEAR .............. a perfect record indicator has failed for THE VERY FIRST TIME. This ought to tell us that we are dealing with a whole new ball game.

I actually have the perfect way to describe this current BEAR ............ Historians will read it and say to themselves, "yeah baby this BEAR was exactly like MG described!"


It came with a surrealistic slowness ... so gradually that on the one hand it was possible to live through a good part of it without realizing that it was happening and on the other hand, it was possible to believe one had experienced and survived it when in fact it had no more than just begun.



(Note: MG cries tears of blood when recognizing that DEATH from unpreparedness and slovenly, asinine, hovine, bovine readiness for the 15.00 Richter Scale quake that's a-coming)