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Signs Of Bearish Times Ahead

ByTim Knight
Published 03/26/2021, 04:53 PM
Updated 07/09/2023, 06:31 AM

Below are four very good examples of symmetric triangles, and each portends bearish times ahead.

Adobe Systems Incorporated (NASDAQ:ADBE):

Adobe Systems Chart.

Amazon.com Inc (NASDAQ:AMZN):

Amazon.com Chart.

Flowserve Corporation (NYSE:FLS):

Flowserve Chart.

Banco Santander (NYSE:SAN):

Banco Santander Chart.

Latest comments

Can everyone buy bitcoin right now :/
What will happen after crossing the apex.......
Sp 500 to 3200, dow to 26000, tech 20% lower are all almost assured. you will not even know that happened
Bank of America's target price for SPX by year-end is only 4000... One has to wonder why that is!
FED must send all citizens $5000 each to buy stocks for new highs so that Buffett can sell at ATH
Lack of New moneys to allow new highs. Expect bearish mkt from june to nov
I am still getting same money to dump into markets, and so many others. What are you talking about?
And? The currency will get devalued, as done in the past 100y.
sadly to a lot of people, talk of debt has become noise. I dont anyone can really fathom the huge dollar amount tied to it!😬
50% chance of being right as usual. your worse than the weather man. you have been bearish through this entire bull run. eventually you will be right
but not any time soon. you can make a chart say anything you want. don't fight the fed
it's a bubble. it's the feds doing. gonna be very low returns the next decade. probably negative returns
let the stock prices fall.
Yep those charts indicate a lack of conviction among buyers
I’m just glad Santander changed their ticker
Tim is basically telling you to be cautious. Exponential growth usually goes far beyond expectations, but nobody rings the bell on the top. Using training SL is one way of dealing with this.
First, a few stocks above dont move the market. Second, where do all stimuluses money go? Mostly to the stock n the bond market (ie the rich get richer). At most this market moves sideway. No chance it goes down unless there is a dissaster event like covid
the 1 % people aren't getting stimulus money - grab a bright idea with your next coffee
This comment is shortsighted. "No chance it goes down" - i laughed so hard. Too many perma bulls that are too young to remember a bear market.
Like a trade war with China perhaps? Or a corporate debt bubble popping? Or high inflation leading to lower competitiveness and calls for higher interest rates? Yes there is too much money circulating but sooner or later the artifical high will pop
Tim is spot on right. Elliot wave show there is little to none to the upside. very simple and smart
Seeing what you want to see. Markets don't just flip because you draw triangles on a chart
yeah but you know what happens when you draw triangles and shooting stars on a chart ...  ?  ... oh, wait .. you dont know ....
Tim will you be my dad
I already have dibs. You're too late.
Tim, your analysis are data driven and good. It's just that with so much liquidity & unrealistic optimism, mktsx are on a sentimental drive.
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