Paul Tudor Jones used the sell off of 1929 as a template for the 1987 sell off.
Very
Fast forward to 10:48 to get to the crux of the video.
@ 13:10 Paul's words were chillingly correct
Paul Tudor Jones one of the Market Wizards predicted a selloff in 1987.
Waiting with great anticipation at tomorrows market action as its rhyming with 1987 and 1929.
We are approaching the same retracement level at the 78.6% (with the 1987 sell off) coupled with
the same distance in time 5 1/2 to 6 weeks between peaks.
2018 Market Action Rhyming with 1987 and 1929
https://www.screencast.com/t/NT5IMFTl0c
1987 Market Action just before the Crash
https://www.screencast.com/t/9LPOhyXO
In August of 1987 Paul Volker gave over the rains to Allan Greenspan.
A few months later the markets sold off.
In late January of 2018 Janet Yellen gave over the rains to Jerome Powell
Can we see a similar sell off?
Notice the 2 charts: We have similar sell offs, similar retracements and
similar time frames.
Markets don't repeat however they Rhyme. And they are rhyming at the moment.
Can we now use the 1987 template for 2018?
Potential shorting opportunities tomorrow as soon as we break the ES Extension
Long Level 61.8% at 2756.50
Also look for Algos to kick in @ the 78.6% level @ 2803s
https://www.screencast.com/t/YiUdGZ0K
