Loading ...BDRY
This post is related to the comment of Pedrodeleon in reply to the question of Nautilus.
Find below my chart for BDRY (weekly). As long as BDRY does not close a week above its’ WEMA(30) @ 10.02 … it is a NO-GO in my answer to Nautilus. WEMA(30) acts as RES while obviously (or not) BDRY is HALFWAY (pattern) going much lower with a PO @ 2.44 either end-2024 or beginning-2025.
SCARY CHART implies CRASHING ECONOMY (or CRASHING SYSTEM) straight ahead. But we Tenters’ are already informed by this … don’t we!?
IMO.DYODD.
Yes, and it will not recover until end of the decade, as a global depression starts in earnest in 2025 for 3 years into 2028. This will be similar to the 1929 to 1932 Great Depression, but on a much larger scale.
The collective memory of that period has gone. All those folks then are now not with us. A book work reading is the The Great Depression – A Diary, by Benjamin Roth. I am reading it now. The wreckage was biblical. And so will be the one coming.
Based on what I have read to date, the only asset worth holding will be physical gold, in your possession or held in a private insured vault.
Before the depression kicks off, we will get one last hurrah, similar to 1929 blow off top. SPX 6000 this time. Most will buy this top, then get totally wiped out into 2028.