[quote=cat;8438971]. Longer term, things are shaping up for me, for a sizeable fall - the Daily and Weekly chart both show this, but obviously with the price range bound at the moment, this will probably not happen until September. I'm looking at 10,000, maybe 9,000 for this when it happens.
Just want to qualify this. I think anyone looking at the Daily and Weekly Dax chart, but also the Dow/S&P, can see that from a technical perspective, the markets look poised for a sizeable fall. I'd also like to remind you that we have reached an inflexion point in the global economic cyle, approximately every 7 years, when we get a stock market collapse, and it normally always happens in the autumn - 1966, 1973, 1980, 1987, 1994, 2001, 2008, 2015? I know we're traders, so thankfully we make money both ways, but this is worth bearing in mind nevertheless.
Just want to qualify this. I think anyone looking at the Daily and Weekly Dax chart, but also the Dow/S&P, can see that from a technical perspective, the markets look poised for a sizeable fall. I'd also like to remind you that we have reached an inflexion point in the global economic cyle, approximately every 7 years, when we get a stock market collapse, and it normally always happens in the autumn - 1966, 1973, 1980, 1987, 1994, 2001, 2008, 2015? I know we're traders, so thankfully we make money both ways, but this is worth bearing in mind nevertheless.
