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Depression

My Crazy Idea About The Dow JonesThis is mostly for fun, but also an illustration of a worst case scenario. Saw this crazy fractal and thought....what if? I love the fact that this chart has so much price history. In all seriousness though, if the DJI fails to consolidate in this range and make a higher high soon, we can assume it will drop. We have a nice double top formation so far. Buying here is risky, but could have a high reward if you can time the next top (if there is one), because after that, it could get very ugly. If we drop hard now, we have immediate support in the 15000 area, and then around 10000. Based on this log graph, we have A LOT of room to fall in the event of a crisis. If those supports mentioned above and outlined on my chart fail to hold, we could fall straight down to the support created by the 2008 recession (my yellow line). That happens to coincide nicely with the long term uptrend line that dates all the way back to the Great Depression. If we fall below that, all bets are off. If we move higher from here, I expect a final blow off top (this is also what happened right before the Great Depression). The Great Depression fractal (circled in red) looks very ominous. You may have to scroll to the left to see it. This is not financial advice, nor am I a qualified financial advisor. This is just my perspective on how things COULD play out from here, and I'm mostly just curious to see how it plays out. I do not have any open positions here at this time.
DJ:DJIShort
by VictorCobra
HG1!Southern Copper Corporation is an integrated copper producer. It produces copper and, in the production process, obtains several by-products, including molybdenum, silver, zinc, sulfuric acid and other metals. Its segments include the Peruvian operations, the Mexican open-pit operations and the Mexican underground mining operations segment identified as the IMMSA unit. The Peruvian operations segment includes the Toquepala and Cuajone mine complexes, and the smelting and refining plants, including a metals plant industrial railroad and port facilities that service both mines. The Mexican open-pit operations segment includes the La Caridad and Buenavista mine complexes, and the smelting and refining plants, including a metals plant and a copper rod plant, and support facilities that service both mines. As of December 31, 2016, the Mexican underground mining operations segment included five underground mines that produce zinc, copper, silver and gold, a coal mine and a zinc refinery. SCCO HG AMEX:COPX
NYSE:SCCO
by Pokethebear
MICROSOFT to bleed more than half its value: wave 3 completionThis is a W1 chart of Microsoft. The purpose of this post is to follow major companies whose share price affect the general financial market in order to anticipate the depression/recession that is to come. This analysis is based on EWP in combination with fibonacci levels, and some reversal candle stick formation in the end. After the correction of 2008-2009, MSFT began to develop wave 3 of a larger degree (Starting from Sep2019). All wave count is on the chart and we now have a completed 5 wave structure to make wave 3. This wave three structure took approximately 9 years to build, and it fits fibonacci levels perfectly! Wave 2 is .5 ret of wave 1. Wave 4 is .382 ret of wave 3. Wave 3 is a 1.618 ext of wave 1-2. Wave 5 is a 2.618 ext of wave 3-4. Although fifth wave extension is uncommon in equity market, we cannot discard the possibility of this scenario with clear wave structures. Wave 5 extension personality: it often retraces to the wave 2 region of the extended fifth wave (labelled with blue dotted lines.) ***This region coincides with .618 retracement of the entire wave 3 structure of one larger degree. Candlestick: Reversal pattern is in print with: a spinning top (2 weeks ago as I am writing this); a shooting star (last week as I am writing this, with its upper wick landing right on the 2.618 ext of wave 3-4!!). And now, we have a hanging man in print (Have to wait for week to close). In summary, all the stars are in line for MSFT to suffer a correction. Using knowledge of wave personalities, it is extremely possible that MSFT may lose more than half of its current share value within the coming years.
NASDAQ:MSFTShort
by someone514
5
Is a financial crisis ahead?In this vlog I explore mainly the shape of the younger Bitcoin parabolic correction with the much older and seasoned Wall Street (US30). The emphasis here is in the nature of the struggle to avoid correction and the similarities in form . The parabolic struggle seen in Bitcoin on the daily time frame, could well be reflected in the US30 on a weekly time frame. As the US30 is a much older more seasoned instrument, that's why I took 1 week of the US30 to approximate to 1 day of Bitcoin. Parabolic markets are superheated and resist correction. Keep in mind that it's a new world where we have electronic dealing, so the fight to stay afloat is likely to be more reactive and violent. For those who are interested focus on the form of the struggle. What can we learn from the Great Recession ?
FX:US30
by Captain_Walker
S&P 500 Push It Real Good!The S&P 500 is starting to look pretty dismal on the longterm daily chart, despite the recent relief rally. Following the curves, price is on track to go into panicked free fall sometime in June or July. But as is the chaotic nature of the seneca cliff, It could fall a lot sooner than that. The exquisite head & shoulders top that forms the multi year crest of this price pattern has a technical target of 1530. But H&S reversals are known to kick off much more aggressive bear or bull markets than their technicals elude to; Especially when they have developed over such a considerable time frame like this one.
FX:SPX500Short
by UnknownUnicorn59736
2
SPX500 Massive Multi Year Head & Shoulders Top On The Final TurnI've been watching this massive multi year 'head & shoulders top' take shape since the bounce at 1833 in August, after that big reversal that forms the 'head' at 2137. After today's sell off it's bearish potential should be undeniable to most. Considering the massive amounts of credit that have fuelled this bubble the debt deflation that will force the coming sell off should nothing short of frightening. Trade carefully.
FX:SPX500
by UnknownUnicorn59736
4