Pondering Out Loud re: Using the Dow Jones we can LARP the 'Big Short' featuring real life Michael Burry a Technical and Fundamental POV Pt 2steemCreated with Sketch.

in Project HOPE11 months ago

I previously had given an a Technical Analysis on the Dow Jones DJI pair when the price was $35,281 back on Aug 20, and a low of about $18000 is still on the table and well on its way.
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and you can read that post here.
https://steemit.com/cryptocurrency/@jaimebetamax/pondering-out-loud-re-using-the-dow-jones-we-can-larp-the-big-short-featuring-real-life-michael-burry-a-technical-and

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As of this post the price has dropped and is now hanging out at about $33,666 which confirms the Technical Analysis from the Pt 1 post of a bearish inclination. The real reason for my disposition towards a drop was mainly the Fundamentals in where we saw an approaching Government Shutdown and interest rates moving upwards as well as a banking crisis that has been raging since March 2023.

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I figure that the reason so many Wall Street big wigs are shorting the markets may have something to do with the end of the Federal Level of financing, but who cares! The states are ready and able to catch the burden and probably do a better job of administrating things, and in a more decentralized manner.

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Looks like not all the talking heads are thinking this way. But hey, the Technical and Fundamentals matter and just for fun lets take a look at Tesla

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Wow so there goes the short signal and down she goes. Could $100 or $50 be a buy on TSLA in the future? Let me know what you all think in the comments.

BTW once I get my Steem power up I will be able to delegate it to Project Hope for divs, help me out yall!