Given the
recent distribution in the broad
market, at a minimum, it appears that several weeks of
sideways action may be needed to repair the
recent damage.
Extremes in observable conditions that we associate with some of the worst moments in history to invest include: Aug 1929 (with the October crash within 10 weeks of that instance), Aug - Oct 1972 (with an immediate retreat of less than 4 %, followed a few months later by the start of a 50 % bear
market collapse), Aug 1987 (with the October crash within 10 weeks), July 1999 (associated with a quick 10 %
market plunge within 10 weeks), another signal in March 2000 (with a 10 % loss within 10 weeks, a recovery into September of that year, and then a 50 %
market collapse), July - Oct 2007 (followed by an immediate plunge of about 10 % in July, a recovery into October, and another signal that marked the
market peak and the beginning of a 55 %
market loss), two earlier signals in the
recent half - cycle, one in July - early Oct of 2013 and another in Nov 2013 - Mar 2014, both associated with
sideways market consolidations, and the present extreme.
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Recent, Trading Lessons, Trading Lessons Tagged With: E-mini trade, E-minis, Flat Spots,
sideways markets
BTC
markets have produced
sideways consolidatory price action in
recent days, following bitcoin's dramatic crash from almost $ 20,000 USD to test a low of approximately $ 11,000,...