Dow Jones: 2008-Scale Decline Ahead
The Dow does not tend to end its bull-runs with H&S on the monthly but with double-tops, followed by 20-50% retracements to the down-side - something that we see unfolding here (note the trendline and Fib-level support).
Since the FUD is currently accelerating in a similar scale and manner that we had back in 2008, I assume a similar downfall of roundabout 40%, spread across a span of 1.5 years until we see the very bottom (coincidentally pointing to 0-fib-level).
However, we need to see how the market unfolds within the next 1.5 years and adjust accordingly, but the direction and scale of decline should be clear to anyone.
Btw.: I do NOT see a 1929 - 1932 scale event for US-based stock markets, while European markets (especially Germany) could be hit even harder. For this, see my German DAX TA =>
Since the FUD is currently accelerating in a similar scale and manner that we had back in 2008, I assume a similar downfall of roundabout 40%, spread across a span of 1.5 years until we see the very bottom (coincidentally pointing to 0-fib-level).
However, we need to see how the market unfolds within the next 1.5 years and adjust accordingly, but the direction and scale of decline should be clear to anyone.
Btw.: I do NOT see a 1929 - 1932 scale event for US-based stock markets, while European markets (especially Germany) could be hit even harder. For this, see my German DAX TA =>
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