Now we are in a thick moving sand. We need to drop much further to find solid land.
A way of looking at the clouds is as if they are mud. We are dropping as if we are very big, heavy and slow.
I have drawn some possible support levels. The upper 3 are taken from the DJI/M2SL ratio, and the bottom one is taken after we scale appropriately the GFC. We need to mind the speed, the size and the scale of this recession, to compare it with past ones.
All 3 areas taken from this chart, are in important fib retracements. The retracements are drawn with the magnet tool and are very accurate.
We are moving very fast downwards, so we could very easily collapse to 2008 levels.
Also take a good look at the DJI/M2SL chart. It clearly shows that:
For the past 20 years we haven't grown.
Right now we are in a level which is in the middle of the GFC.
And it feels like we are worse than in 2007. The M2SL comparison, transforms what we see (DJI price) to what we feel (DJI/M2SL). If you take a look at the charts I made regarding the true cost of energy, you will get a similar understanding of the tough spot we are in.
PS. You must pray.
Tread lightly, for this is hallowed ground.
-Father Grigori
I have drawn some possible support levels. The upper 3 are taken from the DJI/M2SL ratio, and the bottom one is taken after we scale appropriately the GFC. We need to mind the speed, the size and the scale of this recession, to compare it with past ones.
All 3 areas taken from this chart, are in important fib retracements. The retracements are drawn with the magnet tool and are very accurate.
We are moving very fast downwards, so we could very easily collapse to 2008 levels.
Also take a good look at the DJI/M2SL chart. It clearly shows that:
For the past 20 years we haven't grown.
Right now we are in a level which is in the middle of the GFC.
And it feels like we are worse than in 2007. The M2SL comparison, transforms what we see (DJI price) to what we feel (DJI/M2SL). If you take a look at the charts I made regarding the true cost of energy, you will get a similar understanding of the tough spot we are in.
PS. You must pray.
Tread lightly, for this is hallowed ground.
-Father Grigori
