Stocks are in the atmosphere! Dow Jones has made a historical high in terms of price. Should we buy stocks? We at Elliottwave markets do not recommend buying stocks, because in terms of real money (gold), the Dow has been crashing since year 2000. The chart clearly shows us, that since year 2000, the Dow…
The CBOE Volatility Index is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. Since its introduction in 1993, VIX has been considered by many to be the world’s premier barometer of investor sentiment and market volatility. The VIX reached its all time high at 2008, when…
The chart below shows that the price movement of the DJIA since year 2000 has corrective characteristics. In our opinion, an expanding flat correction has been developing after the orthodox top of wave “(3)”. Currently in wave “B”, we think that a new, massive crash for wave “C” of (4) is highly probable.
