Are we still crashing? Seen the Top? 2/1/21

Discussion in 'Trading' started by Bad_Badness, Feb 1, 2021.

  1. Bad_Badness

    Bad_Badness

    EMA 50 is holding. 2nd Bounce
     
  2. Overnight

    Overnight

    30%-50% down. Sell everything, it's all over. No ATH until 2025
     
  3. maxinger

    maxinger

    Simply do day trading.
    Then you don't have to worry about
    EMA50/200 ... support being broken,
    the dark cloud, market crashing, and those things.

    If you hold on to the stocks, you might suffer countless sleepless nights.
    For day trading, you trade every day, and
    you close all your positions before you sleep, and
    you can sleep well every night.
     
    mac likes this.
  4. Overnight

    Overnight

    But haven't you heard? There is zero risk! It is free money! No risk at all! Nope! PPT!
     
    jys78 likes this.
  5. KCalhoun

    KCalhoun

    6d spy still in major downtrend.. perspective!

    1feb6d.jpg
     
    zghorner likes this.
  6. maxinger

    maxinger

    Look at India's Nifty futures.

    A few minutes ago, it almost breaks the record high
    even though there are viruses everywhere.

    India market is very bullish.
     
    Last edited: Feb 2, 2021
    zghorner likes this.
  7. Overnight

    Overnight

    False flag. Markets tank 30 percent over the next month. I should know, I am long.
     
    mac, zghorner, Nobert and 1 other person like this.
  8. themickey

    themickey

    Don't forget to sell at the bottom.
     
    Overnight, treeman, zghorner and 3 others like this.
  9. I think a lot of people were caught with their pants down expecting continuation from last week. While I knew a leg lower (and it can still happen) was possible this week, I also knew that the chances of not trading below last week's low was decent, too. We can easily print new ATHs this week from here. Why? Because it's happened before.
     
  10. Arnie

    Arnie

    This market keeps going up until we get hickup from inflation, a sharp increase in 10 yr (in process) or a notable change in Fed-speak.
     
    #10     Feb 2, 2021
    Bad_Badness likes this.