Is Dow Jones Industrial Average Index not ramping up?
Feb 5: The underlying conditions?
Over the last several weeks, we've had a rapid increase of value in equities,volumeas a result of primarily retailvolume. This past thursday,CBOErecorded 68 million contracts traded - an all time record involume. There will be a hangover from the gamma squeeze, one which is unprecedented. The market makers were forced to hedge the call options by purchasing stock, hence the last several weeks rally. The record number of ETFs, insider selling and "weak handed" retail will result in forced selling as market makers release their hedges. The underlying conditions of the quickest interest rate risingcampaign, and slowest topivot, will result in just yet another crash.
Feb 24: comment
The support broke today, only need five more trading days to replicate the stock market crash of October 1987. One of these days will be the largest drop in stock market in a single day either surpassing Black Monday, October 19, 1987 by largest % or largest daily point on indices on March 16, 2020. I reckon it will be Thursday, March 2, 2023 - the largest single drop in indices in both categories - percent and by daily point losses.
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Done