Tradewriter Profile picture
Sep 24 9 tweets 3 min read
HISTORICAL THREAD🧵 $SPY $QQQ $DJIA

There's been comparisons of this #stockmarketcrash
with that of 2008

People have been saying that 2022 is not 2008

They're not wrong, but let me give you a challenge
These are all weekly charts of the Dow Jones, so they're all significant bear markets and crashes. Can you tell me what year this occurred? Image
This one? Image
What about this? Image
This? Image
This one? Image
And this? Image
None of them are the Great Depression. In order, the crashes are in 1917, 1903, 1966, 1937 and 1907

The last one is 2008. Were you able to tell which year was which? Probably not.

The markets are a reflection of human nature and they tend to move in similar patterns over time
When fear steps into the picture, it doesn't matter what year it is or what's going on in the world

What we need to look at is how the market is reacting to it and how we can take advantage

When a stampede is coming your way, it doesn't matter if a lion scared them or a mouse

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More from @Tradewrite

Sep 30
Sep-30-2022 analysis 🔍 $SPY $SPX #SP500

Price pushed lower then rallied to 3670 area at end of day

Action is hard to read here.. is it forming a rounding bottom and moving higher? Expanding range and moving lower?

Imo a proper breakout is needed Image
So far we've had fake-outs on both sides, but eventually one will break
The bottom in June was more ordered and short-lived Image
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