At the moment the DJI is in mid air, no mans land, so there is high probability it will not recover just yet. I think we are in bear market which could last 2 years and could see the DJI shedding another 38%
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Could this be the time when Wall Street investors ditches the SM and buy into cryptocurrency?
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As you see above Bitcoin and Dow have similar set up Wolfe Wave but only thing is that bitcoin may already completed its retracement from its altimehigh. Look carefully where it bounced. On th DJI that would be roundabout 19000.
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This is a chart of DJI posted 26 October 2018
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Hope rally
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Back above the trendline - the addiction is real.
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Lord MEDZ