NDQ/NDX/IXIC | Exactly the same (except the blow-off top)
Updated
Please read to the end, for a probable explanation that falsifies this one.
We are living the precise events that led up to the 2000 .com bubble burst and the subsequent 2001 recession. Now however, there was no blow-off-top event to make the two events identical.
Back in 1998, there was a "black swan" event, which was more apparent in DJI/SPX. This was caused by a crisis in Russia's economy. In 2019, a world-wide crisis caused the well-known crash. The progress after it is completely identical.
This can be further validated if you compare fundamentals. And also analyze DJI/SPX/NYA.
Much of the damage may have already occurred. But much more pain remains, perhaps immense. Germany is about to collapse (or already collapsed). Also war, food/water crisis, inflation, a destroyed production chain, are not ingredients for growth.
I am also adding this chart, which shows that probably the worst is coming, since it looks like we are barely falling.
PS. And now follows a conspiracy story:
Let there be a very rich man, who wants to be even richer. Since he is so wealthy, he could cause an earthquake. He would shake the box of economy, up and down at the time he pleases. And he confused the people, because the box of economy has taken a shape we all have seen before. In the era of information, who can't possibly see what is in front of him? Who on earth could not have possibly remembered the shape in front of them?
And as a different story said, everyone but a child could see the kings clothes (the king was nude).
And everyone feared, and sold everything they had to save themselves. And the rich man shook the box again and again, until it looked like we landed. And everyone thought that they were safe because it looked like it, and they bought again. And everything went up again. And the king was happy, because everyone saw his clothes, everyone followed him, and everyone bought when he wished...
And at the right time, he cracked the box and took your money. What an anticlimatic end to a story!
Tread lightly, for this is hallowed ground.
-Father Grigori
We are living the precise events that led up to the 2000 .com bubble burst and the subsequent 2001 recession. Now however, there was no blow-off-top event to make the two events identical.
Back in 1998, there was a "black swan" event, which was more apparent in DJI/SPX. This was caused by a crisis in Russia's economy. In 2019, a world-wide crisis caused the well-known crash. The progress after it is completely identical.
This can be further validated if you compare fundamentals. And also analyze DJI/SPX/NYA.
Much of the damage may have already occurred. But much more pain remains, perhaps immense. Germany is about to collapse (or already collapsed). Also war, food/water crisis, inflation, a destroyed production chain, are not ingredients for growth.
I am also adding this chart, which shows that probably the worst is coming, since it looks like we are barely falling.
PS. And now follows a conspiracy story:
Let there be a very rich man, who wants to be even richer. Since he is so wealthy, he could cause an earthquake. He would shake the box of economy, up and down at the time he pleases. And he confused the people, because the box of economy has taken a shape we all have seen before. In the era of information, who can't possibly see what is in front of him? Who on earth could not have possibly remembered the shape in front of them?
And as a different story said, everyone but a child could see the kings clothes (the king was nude).
And everyone feared, and sold everything they had to save themselves. And the rich man shook the box again and again, until it looked like we landed. And everyone thought that they were safe because it looked like it, and they bought again. And everything went up again. And the king was happy, because everyone saw his clothes, everyone followed him, and everyone bought when he wished...
And at the right time, he cracked the box and took your money. What an anticlimatic end to a story!
Tread lightly, for this is hallowed ground.
-Father Grigori
Note
Look at this Head and Shoulders that is shaping in the RSI of SPXNote
Why has NYA taken such a peculiar shape the past couple of years? It is very squashed upwards, like a ball, and is moving very fast downwards. Very weird...
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