Dow Jones.
Alright for all these people who have no idea what actually happens right now.
We are at the beginning of the biggest recession we've ever seen.
We have roughly lost 55% on the DJ after the housing bubble popped.
So my estimation with about a 50% decline in DJ doesn't seem far stretched off right?!
We even have a big support line there?! Coincidence? I don't think so.
So my target for a healthy correction would be about 15k DJ
If you draw a fiblevel from 2009 low to 2020 high. You can even see 0.618 around that target.
Then again we have many factors to take in. Will covid-19 magical disappear or will it mutate and get even more dangerous.
I'm no doctor, but if we need at least a year to finde a vaccine I could see us drop even more crazier. Perhaps to 2nd support level.
Until then with best regards
Health is more important than wealth
(I prefer to make videos so I don't forget everything I have in my mind.
I edited this text like 5 times after release. Gonna stick to videos for the future)
We are at the beginning of the biggest recession we've ever seen.
We have roughly lost 55% on the DJ after the housing bubble popped.
So my estimation with about a 50% decline in DJ doesn't seem far stretched off right?!
We even have a big support line there?! Coincidence? I don't think so.
So my target for a healthy correction would be about 15k DJ
If you draw a fiblevel from 2009 low to 2020 high. You can even see 0.618 around that target.
Then again we have many factors to take in. Will covid-19 magical disappear or will it mutate and get even more dangerous.
I'm no doctor, but if we need at least a year to finde a vaccine I could see us drop even more crazier. Perhaps to 2nd support level.
Until then with best regards
Health is more important than wealth
(I prefer to make videos so I don't forget everything I have in my mind.
I edited this text like 5 times after release. Gonna stick to videos for the future)
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