Dow Jones - Tech Bubble Hyperwave
The Dow Jones Industrial Index has been following a hyperwave formation since the breakout of resistance (phase 1; 1000) in 1982.
The trend lines of each phase have held firm, without a clear and maintained breakdown - until the recent break down of phase 4.
The blue bar pattern is taken from the DJI during the Roaring 20s and subsequent great depression. This was also a hyperwave formation and resulted in a rapid and severe phase 5, followed by a phase 6 bounce and a prolonged phase 7 nose dive to reach levels below the phase 1 breakout.
The recent breakdown of the DJI through phase 4 coincides with the recent bear trap in bitcoin. I believe that the two are strongly correlated, due to the opposing nature of an inflationary economy (DJI) and a fixed supply currency (BTC).
I expect BTC and the DJI to now establish an inverse correlation, with the end of phase 5 in the DJI corresponding with the peak of an impulse wave in BTC by the end of 2019. Similarly, the peak of the phase 6 bounce in the DJI should mark the trough in the corrective phase of BTC at the end of 2021. Finally, the prolonged phase 7 of the DJI should coincide with a prolonged and extreme final impulse wave for BTC, ending approximately by 2030.
The trend lines of each phase have held firm, without a clear and maintained breakdown - until the recent break down of phase 4.
The blue bar pattern is taken from the DJI during the Roaring 20s and subsequent great depression. This was also a hyperwave formation and resulted in a rapid and severe phase 5, followed by a phase 6 bounce and a prolonged phase 7 nose dive to reach levels below the phase 1 breakout.
The recent breakdown of the DJI through phase 4 coincides with the recent bear trap in bitcoin. I believe that the two are strongly correlated, due to the opposing nature of an inflationary economy (DJI) and a fixed supply currency (BTC).
I expect BTC and the DJI to now establish an inverse correlation, with the end of phase 5 in the DJI corresponding with the peak of an impulse wave in BTC by the end of 2019. Similarly, the peak of the phase 6 bounce in the DJI should mark the trough in the corrective phase of BTC at the end of 2021. Finally, the prolonged phase 7 of the DJI should coincide with a prolonged and extreme final impulse wave for BTC, ending approximately by 2030.
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Very Bearish SMA interaction below phase 4 line. Next week should be very interesting.
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The Above screen shot was from XBTUSD, not the DJI
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Duration of hyperwave = 45 Years = Kondratiev Cycle (45- 60 years)
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Market open below phase 4 trend line, a bearish sign.
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The German Stock Index is also following a hyperwave formation with a recent breakdown of phase 4. This is a global bubble that will affect the world when it bursts.
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Reversal years in the S&P 500 (2000; 2007; 2018)
January = confidence (green)
September = peak (yellow)
December = reversal (red)
January = confidence (green)
September = peak (yellow)
December = reversal (red)
Komentarz:
A better title for the bubble would be the "Fiat Currency Bubble"
