FMG Technical Analysis, page-8510

well well well @frogbat i was SPOT ON yet again,
My call of 22 back to 14-16, SPOT ON
My call of a BULL TRAP SPOT ON also.

Simple really, bear season for FMG for the last 4 years has been Aug to Oct
Also US equities crash normally Sept Oct
With western interest rates & western public debt skyrocketing due to skyrocketing western inflation the equity crash is more probable now than ever.

If ever an EQUITY CRASH was upcoming & predictable it could be soon, during this bear season before the US midterm elections on 8 Nov.

I called months ago this very same scenario.
BEAR SEASON Aug to 31 Oct.

Around Oct I will look where the FMG SP was and the TA till then trying to call the bottom.
Looks like that 14-16 call is SPOT ON.
Last year 14 was bottom but from a 26 high
This year the triple high was 22 so 4 less than last year so (14-4=10) so 10-16 should be the floor but I predicted 14-16 somewhere,
expect a capitulation & MASSIVE SHORT attack blowout as a signal.
That 19-16 correction 30 Aug - 7 Sept is sharp & still going.
The curve has to start flattening out, nowhere near that yet.

Cant see a bottom here yet,
in fact a CLIFF FACE has formed on the annual chart yet again. Bearish. Wait for the floor.

Trading Rule 4
Dont buy on the downside, dont catch the falling knife, you dont know where the bottom is, wait for the flooring pattern when the knife is firmly embedded, it will be boringly obvious