Mr. Dow – the beginning of a bear market?
Hello everyone,
…the all-time-high was THE sore point so far!
What has happened?
The dow has made everything according to it’s plan: after completing the triangle at 23.451 we have seen a strong uptrend with fantastic profits. But: the all-time-high ended this uptrend, so it seems that the structure was corrective, not impulsive. The question now is: do we have to face a bear market now?
To be honest: maybe yes. Is this dramatic? No, it could be a present, because if we are going into a bear market, we will see a period of more volatility. This means that we have more possibilities to play the market from both sides.
And now?
…the Dow will complete a corrective pattern (wave 4 of a), then we will see a corrective wave b up and then it’s going down.
It is too early to be precise, but I will keep an eye on the Dow closely, so there will be more updates soon. Maybe the next setup (trading box) is not far away from us…
For the sake of completeness: there is a small chance, that the Dow will resume the uptrend. But: as I mentioned above: there will be more updates soon.
Take care,
tgo
…the all-time-high was THE sore point so far!
What has happened?
The dow has made everything according to it’s plan: after completing the triangle at 23.451 we have seen a strong uptrend with fantastic profits. But: the all-time-high ended this uptrend, so it seems that the structure was corrective, not impulsive. The question now is: do we have to face a bear market now?
To be honest: maybe yes. Is this dramatic? No, it could be a present, because if we are going into a bear market, we will see a period of more volatility. This means that we have more possibilities to play the market from both sides.
And now?
…the Dow will complete a corrective pattern (wave 4 of a), then we will see a corrective wave b up and then it’s going down.
It is too early to be precise, but I will keep an eye on the Dow closely, so there will be more updates soon. Maybe the next setup (trading box) is not far away from us…
For the sake of completeness: there is a small chance, that the Dow will resume the uptrend. But: as I mentioned above: there will be more updates soon.
Take care,
tgo
HK-Capital-Management
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