The end of the US stock market is nearing

Here we are Mr Igrok back to an all time new high, see any diamonds in the sky now?

You claim to be a spectator???

According to your bio from you book which is publicly available

"
ABOUT THE AUTHOR
IGOR TOSHCHAKOV (L. A. IGROK) is a trader, money manager, and founder of the online trading school at xxxxxxxx.com and investment advisory firm Igrok Trading International. This school has taught hundreds of traders since it opened in 2000 and offers numerous online courses. Toshchakov currently manages several portfolios for various entities, and Igrok Trading International is the exclusive advisory firm for "Mina Capital" Fund of Funds in "C" and "D" share classes."

And according to your Linkedin Profile which is also publicly available

Igrok Trading International, LLC
27 years 2 months

1. President
   Jul 2002 - Present18 years 5 months
   Professional capital management for individual and institutional investors in the Global Currency Market (FOREX)
2. President, Chief Trader
   Oct 1993 - Present27 years 2 months
   Professional Forex market trader and fund manager since 1993.

And here is actually what the pattern really is a broadening formation, nothing like a diamond and the break up to new highs confirms the broadening formation.

You should not even be allowed to post in this or any other thread apart from commercial, you are clearly a commercial member .

1. I really do trade professionally. But what's your problem with that? You're the one who brought my more than a 15 years old and long forgotten Linkedin Profile info into this conversation. But have you ever seen any sign of me soliciting for clients or investors here on FF? If yes, then I'd like you to present some proof. Otherwise you better shut up.
2. My right for having and expressing an opinion should be as good as yours or anyone else's here on the forum. Any objections to that?
3. A broadening formation is a structural left part of any diamond shaped pattern, which for a while was and still is a valid projection for the future from my personal point of view. Apparently it's still just a projection at this moment and is not a fully developed and confirmed diamond yet. Whether it will become one or not is yet to be seen. Though in any case it's gonna take more time for the market to prove or disprove such a thing.
4. I guess that everyone can put side by side a couple of charts and compare them. One would be of the DJI from 2007 pre-crisis year and another one of today in order to notice some obvious similarities. Back then there also was a broadening pattern developed first on the very top of the trend before the market's drop that took place later and after a reversal single-diagonal diamond got fully developed.
5. Even if it will eventually appear that the market in fact choses some other scenario of the future to negate my current projection - so be it. I'm definitely not a psychic fortuneteller. Though how would it invalidate my professionalism and a great practical experience that I have?
6. While posting is this tread I have already made a couple good calls well in advance including a super accurate projection for the DJI's inevitable drop to 18300 "must-reach" level. I did it months ahead of time. Let's compare it with what you were writhing here on FF back then. Perhaps it's gonna be even funnier than I now think it should be.

Hey Igor, a while ago (somewhere in the 81 pages of this thread) you mentioned about phantom points. You did say that there might be some more info forth coming on this topic. While the diagram below is not a Diamond, I wanted to understand if the pin bar on the right side could be a phantom point, that is a point later on which should have been at the apex or zenith, had the left hand side played out in a true broadening sense. Phantom points is an area I would like to understand further. Please forgive the ordinary diagram.

sorry... that's too long to explain... as far as I remember I had given some detailed explanation already somewhere in my old major topic that started back in 2006...

1. This is how a reversal diamond on the Dow looked liked before 2008 crisis. Six broadening waives and then a couple of the narrowing ones. The breakout took place to the downside with the ninth wave.
2. This is how the Dow chart looks like right now. So far there are also 6 broadening waives. Apparently it looks quite similar to what we have seen back in 2007.
3. This is what had happened back then in 2008, The previous uptrend that was built over the course of 4 years has been covered completely in just one year.
4. If the market to repeat same diamond scenario once again then we are very likely to see it dropping all the way back to 2009 bottom.

fresh example of this year... it's a diamond on Boeing stock chart... same thing here... six broadening waives come first and then a narrowing triangular pattern built to complete the diamond... previous up trend was fully covered after exiting the formation...

Cable at the moment looks to revisit 1.205-215 area.. and likely to make it quite fast indeed... before the year's end perhaps...

Hello Mr. TOSHCHAKOV! Watched your video(from 10.11.2020) on Avrora yesterday. Downloaded your tools and tried my own diamonds for the first time in my life. Specific is here they are all with Parallelogramms only. Sorry for my English, i am just a russian version of "Redneck" who lives in germany. nevermindes.
Here it is

you're right... but there is nothing new here... the most common pattern in the markets is a channel...it's because they move in trends while also making correctional waives along the way...

meanwhile it seems that DXY is set to revisit 100 level soon... a month or two...

Thank you. It was important to me to know your opinion as to whether I designed the diamonds correctly?!

Just watched a video from "FINAM". What i want to say yet is: thank you for your work, for your posts! Keep it up! If i would be sucessfull, i will report here, if it interesting you?!

Hello, Mr. Toshchakov. Is that what you see on GBPUSD?

You are right. End of stock market is near...

If Trump losses trading is over because:
- there will be one currency...can't trade if there is only one currency
- commodities will be owned by the state so nothing to trade
- there will be no stocks because all businesses will be owned by the state
- there will be one crypto currency allowed and it will be owned by the state...all others shut down and funds lost
It's called the 'Great Reset' where only a few elites will rule:
Written by John Binder19 Nov 2020338
4:24
Global political elites like European Commission President Ursula von der Leyen and former Secretary of State John Kerry view Democrat Joe Biden as a driver of World Economic Forum’s “The Great Reset” mission that seeks major transformation of the world’s economy.
In a panel discussion by the World Economic Forum, Kerry said Biden is ready to rejoin the Paris Climate Agreement — which threatens to eliminate more than a million American jobs — and be a driver of the”Great Reset” whereby unelected global bureaucrats are looking to alter the world’s economy by abolishing money, private property, and democracy for the sake of a “New World Order,” according to James Delingpole.
“The notion of a reset is more important than ever before,” Kerry said. “I personally believe … we’re at the dawn of an extremely exciting time.”
Kerry said the U.S. rejoining the job-killing, industry-gutting Parish Climate Agreement is “not enough.”
“I know Joe Biden believes this. It’s not enough just to rejoin [the Paris Climate Agreement] for the United States. It’s not enough for us to do just the minimum of what [the agreement] requires,” Kerry said. He went on:
The Biden administration will focus on every sector of the American economy. There will be a 2035 goal to achieve net neutrality with respect to power and production … we’re ready to come back in and help to lead and raise the ambition in Glasgow to accelerate this incredible capacity for a transformation in the private sector.
Von der Leyen said the European Commission looks forward to Biden rejoining the U.S. to the Paris Climate Agreement, calling the former vice president “President-Elect” and a “friend in the White House.”
Part of this new cooperation between a Biden White House and the European Commission, according to von der Leyen, includes writing “a new rulebook for the digital economy and the digital society.” She said:
So, covering everything from data to infrastructure, but also talking about security and democracy, technology to fair taxation — all of these are topics are on the table with digital change. So ladies and gentlemen, the need for global cooperation and this acceleration of change will both be drivers of the Great Reset. And I see this as an unprecedented opportunity.
It’s good to have a friend in the White House. We should not forget what kind of strength we can develop … we need a new agenda and of course, we will have to start with the most pressing issue which is COVID-19 … the second big topic is climate change, fighting climate change … the third topic is the tech topic.
Biden already adopted the World Economic Forum’s “Build Back Better” slogan used for the Great Reset by using the phrase on the campaign trail this year.
Kerry also admitted that the rise of the nationalist-populist movement around the world is “a reflection of the inability of democratic governments in many parts of the world to deliver” on issues facing their citizens.
“What astounds me is that as many people still voted for the level of chaos and breach of law and order and breaking the standards and … I think that, the underlying reason for that is something that everybody has to examine,” Kerry said of the more than 71 million Americans who voted for Trump in the November 3 presidential election.
“I think Europe has to look at that with Brexit and the rising national populism — nationalistic populism. Which is really one of the priorities that we all have to address. You can’t dismiss it,” Kerry said.
The establishment media will play a role in the Great Reset, the World Economic Forum suggests. New York Times columnist Ben Smith said the media sees themselves as rule-makers where they set the national agenda — not Americans.
“I think in this election you saw major media outlets just much more careful about picking up, for instance, these stories about Hunter Biden just because they were on the internet in a way that Wikileaks came to dominate the campaign last cycle,” Smith said.
“I think that you’re seeing the mainstream media institutions become a bit more confident in trying to set the national agenda, trying to establish priorities that they think are the priorities rather than simply reacting to what’s happening on social media,” Smith continued.

[quote=CashBox;13273960]You are right. End of stock market is near... If Trump losses trading is over because: - there will be one currency...can't trade if there is only one currency - commodities will be owned by the state so nothing to trade ...."

Sorry Cashbox ,
but no, the end of the Stock Market is no where near ...near!
while humans exist, we will always want to Trade for personal Gain!
it is in our nature, whether it is sea shells, camels, wives , something rare in your country that is plentiful in mine :-)

yes i understand where your quote was lifted out from ( https://www.breitbart.com/politics/2...exciting-time/ (https://www.breitbart.com/politics/2020/11/19/john-kerry-talks-great-reset-were-at-the-dawn-of-extremely-exciting-time/) )

But the fact is - a "reset" like this will not work, it has been tried so .. so many times before, in many countries, and indeed in many prior civilisations - it never worked for the Romans , it never worked for the "Union of Soviet Socialist Republics" and indeed the reality for China is that the state there relies heavily on the ambition of private enterprise ( albeit labelled socialism with heavy CCP party controls)

From visiting pre-iron curtain and pre wall lifting countries - the fundamental thread of socialist society was always to simply get ahead economically by any means possible.
Try being totally self sufficient food wise on a quarter acre section ? - i have seen that and lived within it in Hungary for example and it was very successful.

Basically what i am trying to say is that humans the world over in no matter in what village or ideology they find them selves in will always try to thrive economically - trying to stop them with a leftist , "socialist ", or globalist agenda will never stop them.

this "reset" literature has been around for a very long time and is largely wishful , very woolley thinking.

if Nationalistic Populism does take over as is being implied then the world will descend into chaos.

Ideologies don't put food on the table !

This quote "...Ben Smith said the media sees themselves as rule-makers where they set the national agenda — not Americans..."
is utter rubbish, - Please don't print this garbage.;

The main reason for the demise of America is that while it is a Capitalist (nationalistic ) economy for the the uber rich the majority of US population don;t have capital to speak of and the large middle class is very disenfranchised and cannot get ahead - thats where the social unrest is coming from BOTH Left and Right ! it is not an "either / or" situation.
So when the bulk of of the population is becoming poor very fast - that is when revolutions happen (just look at history )

Hello Igrok,
If you have time I would like to read your opinion on gold.
Listening to financial tv channels they all reccomend to buy gold bullion to protect your savings against the very soon crash of the US$.
What is your take on this?
Thank you!
Marc

yep... irregular one... have never seen something like that before because this particular one, if formed completely, will be built into a side trend... I have no statistics for such a thing...

though exchanges the gold is quite tradable like everything else and like any other financial instrument... physical gold is quite likely to be confiscated by the state in case if real GD-2.0 takes place... pretty much like it happened back then in 1930-th...

in my opinion, this quite aggressive ideology of totalitarian liberalism hidden under the disguise of globalization ideas and "true democracy", while promoting such a BS like "Great Reset" concept, will become a way to nowhere and is doomed from the start... I'd rather recommend to get familiar with an alternative view on the future of the world's economy and politics by reading the book by Mikhail Khazin just recently published in English...

HI IGROK, Above chart that u post for DJI. Can we say, 7th wave of diamond structure can be extended or stretched a bit more before 8th wave formation like up to 32-33k.