We are now facing a major market correction...only 10% so far this is from 4 Standard Deviations from the mean..now we are two standard Deviations from the mean ..still overvalued "I expect a a full 50% "pull back from the highs in most markets...I did mention "A double top" in most charts in most markets..ready for a major correction" some time ago and Old Ale called it rubbish...I will state again to Old Ale to look for 4000 in the ASX 200.... yes 50% pull back from the high...the point of highest support!!!
Well my large position in BBOZ is doing rather well as is my USA equivalent sqqq.. I will not be cutting my long positions in Uranium...I will add after this Trump fiasco is over...this correction unfortunately will take time to pass, Inflation..higher interest rates...and slower world growth is in course..Yes on the Agenda ...further market downside to a. 50% approx correction from the highs ..."The Trump Effect".... No absolutely No ....just a ridiculously overvalued market that was ready to correct ..."Trump merely gave it a push "...History shows tariffs influenced the 1928/ 29 disaster this is just a replay 1928/29 was another massive market over valuation. ...for chartists not quite the 100 year cycle but pretty close..approx 97 years perhaps at the most 5% out ...but nearer 3% out!!!
Yes long term and short term charts work!!!!
All the Best to all.
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