DowJones - 1987 replictaion

13 Feb 2018

In 1987 we saw a massive drawdown in only couple of weeks. That´s why you have to be prepared for a crazy sell off in a short period. Don´t get panic. It might be the best buy opportunity since the last years. The patterns are simmular to 1987 and there is major support zone at 15500 where the Index could find a bottom in case of a huge fire sale. Also Ray Dalio, founder of Bridgewater Associates, has at least $13.1 billion in shorts, or wagers that a stock will fall, according to EU regulatory filings. That’s up from the $3.2 billion it had disclosed on Feb. 1. It also more than doubled the number stocks it’s shorting to 44 from 20. There might be coming a volatile phase with huge downside potential. Even at 15500 it´s still a correction and not a bear market.