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2008 Crash Repeating? Or Worse?


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#1 Rogerdodger

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Posted 16 June 2022 - 09:25 AM

You can't say you weren't warned months ago.

Compare the 2008 crash to now.

See the "support box" retest and failure.

Compare the 14 week RSI similarity.

(A small rally could happen soon, (July seasonality has been very positive recently), but "positive" in a crash can be down slower, as in July 2008.)

Compare the 50 week MAs.

Compare the failed test of the 2006 top to the early 2020 top test, which we are at today.

Not to mention the huge MACD cross down.

 

2008-Crash.jpg

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Edited by Rogerdodger, 16 June 2022 - 09:41 AM.


#2 Rogerdodger

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Posted 16 June 2022 - 09:31 AM

INDU-Seasonality.jpg



#3 12SPX

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Posted 16 June 2022 - 09:48 AM

Hmmmmm, interesting chart.  Was an easy reading to know the high was in at the end of the year and we'd see the top but according to this chart one cycle was right for a downturn in 2008 but 2015 just saw more upside.  I think we'll see an in between this time around as the market grinds its way to lows and will take longer doing it with bounces here and there as the everything bubble is slowly deflated taking everyone back to normal....



#4 MDurkin

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Posted 16 June 2022 - 10:04 AM

Or worst...



#5 MDurkin

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Posted 16 June 2022 - 10:16 AM

Or worst...

Worse.



#6 pdx5

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Posted 16 June 2022 - 11:32 AM

Don't say I did not warn you about SPX 3500 months ago.
FED has it's tits in the wringer.
So long as inflation stays in 8% area FED has no choice except raise interest rates. Behind the curve as usual.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#7 MDurkin

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Posted 16 June 2022 - 11:44 AM



#8 pdx5

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Posted 16 June 2022 - 03:24 PM

Looking for capitulation day with SPX down 6-7%. Not here yet. That would be the intermediate term bottom.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#9 K Wave

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Posted 16 June 2022 - 07:21 PM

Interesting Deja Vu.....and not 2008

 

Dow 1929...full blowoff and comes back below the final consolidation area as weekly momo goes completely into the toilet in late 1929.

 

dji.png

 

And SPX semi-surrogate Berkshire today (had it not been for Covid, would likely look nearly identical on the run up)

 

Yeah....its gonna get ugly....but will be some bear face ripping bounces along the way...

 

brk.png

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#10 K Wave

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Posted 17 June 2022 - 07:09 AM

Apple another starting to sport the latest fashion look, the '29

 

Nothing to worry about though, just a multi-trillion market cap stock (for now anyway)

 

AAPL.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy