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Australia to enter a very sad period - Update
Created on: 6/16/2021 8:19:27 PM

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. 


MORE

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

ASX



Divider




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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. This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.


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...

.."I latter told my students, 'think in waves' [of price and volume]"..

Richard D Wyckoff


.."It's easier to fool people, than to convince them they have been fooled"..

Mark Twain


.."A government is the most dangerous threat to a man's rights: it holds a legal monopoly on the use of physical force against legally disarmed victims"..


Ayn Rand

.."We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission"..


Ayn Rand

.."Just because you’re taught that something’s right and everyone believes it’s right, it don’t make it right."..


Mark Twain




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