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Wednesday, April 24, 2024

Australia to enter a very sad period – Update

Courtesy of Read the Ticker

australia-to-enter-a-very-sad-period--updateLets add some dates to the bearish forecast of the ASX200.



Previous post on the subject and a more detailed Ewave construction can be found here.



SHORT ANSWER



The vertical light red shaded area (chart 1) is the T Theory forecast for the final price top (end of B wave). This period is some where between Nov 2021 and July 2022. This zone is the confluence of equal time cycles as presented on the chart. Notice how this note refers to a extreme price top and not a crash or bear market starting date. Price can consolidate for some time after a extreme high is posted. 





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1) The ASX200 (!AORD) is highly correlated to the US NYSE index.

2) The US (and the world) are entering into a period of above average inflation.

3) Interest rate increases, either by the central bank or market forces, can negatively adjust risk on positions. 

4) Overall equity market positioning is extremely bullish and vulnerable.



Keep this chart in mind going into 2022, also be aware of the US mid terms late 2022.



2022 is going to be very interesting. Funny how the years ending with 9,0,1,2,3,4 (end of a decade) can also be major cycle end dates. 



Chart 1



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ASX




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Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



..”Every movement in the market is the result of a natural law and of a Cause which exists long before the Effect takes place and can be determined years in advance. The future is but a repetition of the past, as the Bible plainly states”..



William D Gann





..”It’s easier to fool people, than to convince them they have been fooled”..



Mark Twain





..”Markets are designed to allow individuals to look after their private needs and to pursue profit. It’s really a great invention and I wouldn’t under-estimate the value of that, but they’re not designed to take care of social needs”..



George Soros







..”The first rule is not to lose. The second rule is not to forget the first rule”



Warren Buffett





..”Earnings don’t move the overall market; it’s the Federal Reserve Board… focus on the central banks and focus on the movement of liquidity… most people in the market are looking for earnings and conventional measures. It’s liquidity that moves markets”…



Stan Druckenmiller







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