Dow Jones 2008 Fibonacci 200% Extension to 2017 top!

in trading •  8 years ago 

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Here is a rough draft of what I am anticipating for the coming "Global Economic Meltdown" for the Dow Jones. If you take the Fibonacci extension measuring the 2008 collapse we now find ourselves at the 200% extension of that move. This is a significant extension in the overall hedging program as we look at the monthly chart. Seasonally we also tend to see stock make a yearly high in the first or second week of July and we have had a bullish program ever since Obama took office. Price has a cap, there is no infinite system that will go on forever, especially in a fiat currency system. Now we have a Billionaire reality T.V. star in office who has to pay his debt and play his role on the political stage. Expect High Volatility This Fall.

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True what people need to understand is you should not ask if the us dollar or any other fiat will fail... The real question is when, Right?

exactly so you wait for market structure to break for low risk entry