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All time high in all stock markets coming by end of Q1...

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durmaz

1,505 Posts.

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14/12/22

09:43

Post #: 65303719
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Originally posted by TheFadz: ↑

Dxy still has room to sell further
It doesn't really matter if it stops selling
All it has to do is not climb once it settles
I just estimated 102 is where it settles

In regards to indices charts, it doesn't matter if it spends 90% of the time at support. All they need to do is make new highs with bounces & it favours bulls. Even if it's only for 1hr. Haha

New highs mean you can't hold onto old short positions & it forces new positions to be opened higher up
That's a basic definition of a bull market

I'm not saying it's guaranteed we go up forever
Based on chart cycle we should be having a pullback atm (based on the amount of selling I've seen while bulls were buying, we may have almost finished the next sell cycle)

The only problem was the xjo never hit market top
So I can't rule out the xjo not going back for market top first & then having its proper pullback
If we had hit market top, I would be 100% behind a pullback
That's the only thing that's bothering me atm

I can post a thousand charts that tell me this bounce is different to all other rallies this year
Yet everyone is focusing on the indices & using the same downtrend lines

That's what surprises me the most

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All time high in all stock markets coming by end of Q1 2023.......get ready for it

XJO Value at posting: 7,203.3
2 Upvote

0 Great analysis

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