DJI - long term direction
Some are comparing the current financial market to the financial crisis of 2008 (company bailouts, quantitative easing, etc.) and the Great Depression (unemployment rates, market accelerated decline, etc.).
You can see the Great Depression (blue bars) was God awful, down ~89% before rebounding (long-term).
The financial crisis of 2008 (red bars), down ~54% before rebounding (long-term).
Where it stands today, we are ~38% down from our ATH; plenty of room to go down.
Where do we go?
Both chart patterns from those eras show the $13,300 - $13,400 area being hit. I do not think we go this low for multiple reasons.
When looking at the 12-month chart, I like the $15,200-$15,300 area for a bottom. This area has a lot of support (yearly lows for 2014, 2015, and 2016) and would be close to the 50% decline mark.
Thoughts/comments?
TG
You can see the Great Depression (blue bars) was God awful, down ~89% before rebounding (long-term).
The financial crisis of 2008 (red bars), down ~54% before rebounding (long-term).
Where it stands today, we are ~38% down from our ATH; plenty of room to go down.
Where do we go?
Both chart patterns from those eras show the $13,300 - $13,400 area being hit. I do not think we go this low for multiple reasons.
When looking at the 12-month chart, I like the $15,200-$15,300 area for a bottom. This area has a lot of support (yearly lows for 2014, 2015, and 2016) and would be close to the 50% decline mark.
Thoughts/comments?
TG
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.