DJI is looking dodgy to the novice - S&P500 is no better

2018年5月3日

I'm no pro but in my books DJI looks bad... The S&P500 is no exception as it's following a similar pattern.

The worst thing about patterns is that patterns rely on something that has already happened and has nothing to do with what is going to happen.
With this said, there has been somewhat uncertainty in global affairs and of course one can't ignore the developments around bitcoin and cryptocurrency powered blockchains. What effect might this have on the market?

From a technical point of view - It looks like a repeat and hopefully just a mini bubble pop.

In the yellow circles you can see the 77MA "Taking a dip in the water" Below the shaded MA. The first volatile area of uncertainty carried over to a boom in price that peaked into it's own mini bubble just above a 60% increase. This lead to scuba time swimming in uncertainty for a few years.

So, a question I ask myself is "Can history repeat itself once again?"

The biggest problem I see this time is that we have now reached a time where the word "Money" and "Value" is up for debates. I do believe these markets will go up exponentially at some point. However, this will be after a major transfer in value takes place and these markets integrate new financially efficient systems into their own system. The "markets" as a whole is each individual company that resides within it, so if you're are judging how long, do consider tens of thousands of companies. Not only that, a possible global scale move which brings these numbers to hundreds of thousands.

While seeing this unfold, I can only think to myself being thankful that I stopped myself from getting into the market when I did. A friend and coworker has been taking great losses in traditional markets that involve countless intermediaries. Now, in this new market where intermediaries are being eliminated one by one, it seems that even the big losers are still fascinated by it's future.

As an amateur on the sidelines just testing out these new innovations. All I can say is. Holy S#8+ Wall Street! What are the men in black going to do?

When I say is history going to repeat itself. I'm thinking the history goes beyond than decades...

Remember, I'm just a regular guy, so any opinions?