The DOW is finally moving into it's dead cat bounce after losing nearly 40% from it's ATH .
My peak is conservative, so don't be surprised if we go ~1200 points above it before we enter the long term bear trend.
Incidentally, if my timeframe is accurate, this rise and fall will line up well with the 'end' of the lockdown followed by the horrifying realization that two weeks was not long enough as New York's hospitals become overwhelmed and the US mortality rate begins to more closely resemble that of Italy & Spain.
This revelation will likely strike the markets first and lead into another (HOPEFULLY LONGER) lockdown.
My peak is conservative, so don't be surprised if we go ~1200 points above it before we enter the long term bear trend.
Incidentally, if my timeframe is accurate, this rise and fall will line up well with the 'end' of the lockdown followed by the horrifying realization that two weeks was not long enough as New York's hospitals become overwhelmed and the US mortality rate begins to more closely resemble that of Italy & Spain.
This revelation will likely strike the markets first and lead into another (HOPEFULLY LONGER) lockdown.