I guesstimate the bottom at where we started the bull market in 1995/96. That is when we see the market start to climb for this 20 or more year bull cycle. If you follow the Klondrateiff Wave Cycle, it is (typically) a 22 to 24 year cycle. This would coincide with the TOP of the bull market we saw at the beginning of Feb. So from there we should be going down. If you look at the other DJI chart I posted (or will post in a few minutes) using the trend fib based time, the downtrend started around Feb 24 coinciding with one of the lines of the trend fib based time. I wanna say that it will take around 30 months to decline from the top (Feb, 2020) to the bottom (like it did during the last Winter cycle of the Klondrateiff Wave Cycle) but it may happen a lot faster. IDK. Some of the points were chosen with previous support and resistance as well as Fibonacci levels. (I actually may have the Fib Retracement lines upside down. It is late for me.... and I'm in a bad mood.)
As a side note, the uptrend line I drew from Mar 24 and upward was drawn on the chart BEFORE the move!!
As a side note, the uptrend line I drew from Mar 24 and upward was drawn on the chart BEFORE the move!!
评论:
Here is the other chart I was mentioning.
