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Look At The Graph On The Front Page


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HOLA441
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HOLA4410

Easy one for everyone.

Look at the graph on the front page...I mean, really look. Stand back...look at it. Think aboput what you see.

Now, what do you see ?

The first retrace, after the major change in sentiment, coming to its conclusion. The trend line shown will lag and turn down in due course and is frankly irrelevant.

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I see a correction identical to 1990 when the market overheated. Around a 20% drop.

If the past is anything to go by then prices will likely stagnate for the foreseeable future until the economy recovers and they shoot back up again (see 1985-1990 and 2000-2005).

Alternatively, as Tamara posted, they could fall by a further 70% over the next 24 months in addition to the amount they have already.

I know which scenario I think is likely and which one was created by a tearful buyer still living in their mothers basement with tin foil wrapped around their head wishing they hadn't listened to the 'experts' and jumped in at the bottom of the dip like their friends did.

Game over.

Thanks for that Hamish, now fùck off.

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I see a correction identical to 1990 when the market overheated. Around a 20% drop.

If the past is anything to go by then prices will likely stagnate for the foreseeable future until the economy recovers and they shoot back up again (see 1985-1990 and 2000-2005).

Alternatively, as Tamara posted, they could fall by a further 70% over the next 24 months in addition to the amount they have already.

I know which scenario I think is likely and which one was created by a tearful buyer still living in their mothers basement with tin foil wrapped around their head wishing they hadn't listened to the 'experts' and jumped in at the bottom of the dip like their friends did.

Game over.

You see, your post was going so well until you just had to be personally insulting. Was there any need?

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Can you tell me why the top line intersects all the peaks but then not the 2007 peak (it intersects the most recent low)?

It broke through the resistance in 2002 and this created the current support in 2009. Support and resistance lines are made to be broken up and down. When i drew it i was effectively just trying to find all the major support and resistance lines, i think the important part is that 'if'' it breaks through that support line at about 150K there is no major technical support at all until about 90K which is all positive for it happening very quickly if it does break down through it

Edited by Tamara De Lempicka
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HOLA4423

This scene from Butch Cassidy and the Sundance kid:

We're about to find out who can't swim. ;)

Butch Cassidy: Would you make a jump like that you didn't have to?

Sundance Kid: I have to and I'm not gonna.

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The chart appears to me a modern day symbol that is bilateral, serving both bull and bear. The undulations have a further duality: at its peak, a safety blanket; at its depths, a cross to bear. It could also represent material worship, disguising and keeping at bay a reason to exist. There's also a view of insanity in there too.

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HOLA4425

The chart appears to me a modern day symbol that is bilateral, serving both bull and bear. The undulations have a further duality: at its peak, a safety blanket; at its depths, a cross to bear. It could also represent material worship, disguising and keeping at bay a reason to exist. There's also a view of insanity in there too.

All I see now see are breasts :lol::lol::lol::lol:

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