So in 2007 and 2011 the same patterns were seen as now.
1. Big "V" momentum and AVERAGE RANGE CHANGE trend
2. Three driver pattern
3. Rise to the top
4. A tilted double top
5. A severe difference in the average range to price
6. Then a break of big supports
7. Then the correction/collapse, take your pick.
Most similar is 2007 to now.
This is a different time with QE , world events, manipulated market as never before, fracking, Iran nuke deal now and more oil hits the markets soon, oil wars, etc. where we did NOT have that before, so the rate of change, and time frame may be different (or not). But I think this is inevitable. When we get our disappointing results from this earnings season, wonder if the market will believe in this bull any more. Musical chairs game, but you have to wait until the music stops, or do you?
I thought it was a sign of the market glitch the other day, in the ETF's that were halted due to extreme trading volumes? Really, and not once but twice? So when this correction FINALLY hits, will they STOP TRADING? and for how long?
I will post a wider view, but you can check it out for yourself in your own close up charts when you chart this.
1. Big "V" momentum and AVERAGE RANGE CHANGE trend
2. Three driver pattern
3. Rise to the top
4. A tilted double top
5. A severe difference in the average range to price
6. Then a break of big supports
7. Then the correction/collapse, take your pick.
Most similar is 2007 to now.
This is a different time with QE , world events, manipulated market as never before, fracking, Iran nuke deal now and more oil hits the markets soon, oil wars, etc. where we did NOT have that before, so the rate of change, and time frame may be different (or not). But I think this is inevitable. When we get our disappointing results from this earnings season, wonder if the market will believe in this bull any more. Musical chairs game, but you have to wait until the music stops, or do you?
I thought it was a sign of the market glitch the other day, in the ETF's that were halted due to extreme trading volumes? Really, and not once but twice? So when this correction FINALLY hits, will they STOP TRADING? and for how long?
I will post a wider view, but you can check it out for yourself in your own close up charts when you chart this.
