DJIA Intraday Crash Update!

Each index that I cover has differences in the wave patterns which does make it much more difficult to find a good wave count. This DJIA chart top has rolled over a bit before it went south with “Gusto”.

One little dip is not going to cut it when a Cycle degree top is involved. Besides that solar cycle, 24 is still alive and well until solar cycle 25 starts to make a strong showing.  A few sunspots belonging to solar cycle 25 have already been recorded but we need a good 50/50 mix before solar cycle 24 is completely dead!

Sunspot activity was dead last month and it could still last all of 2020 or early 2021. Once this solar cycle 25 starts to crank-up then there is no chance that I can stay bearish.  The sun is the “Bull Killer” and the “Bear Killer, as the 2000 peak and 2009 bottom clearly demonstrated.

All hell can break loose a year or so from a solar cycle bottom like 2008 and now we are heading into the same situation except its one degree larger of a decline.

The younger investors can take advantage of “Sun Power 25” but you have to watch it and build up trust with our sun and its cycles.

 

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