We won't be seeing Sunday nights low of 2176 for a while. Looks like the street is discounting a lot of bad news for the next month and won't react to the downside violently as they see it as temporary. I expect much more back and forth chop for a while.So many stocks 60-100% off lows last week.For this to have have a big second leg down wall street must think this will last more than 3-5 months .
Have you ever seen a farmer ring a chickens neck for dinner? Probably not, but thats what this market is like... that poor chicken. See, they twist the chickens head off, and that fucker may fly around the yard, he may run around the yard, he may just flop over and be dead like he should be. One has no idea what that chicken is gonna do. Depends on the chicken I guess. Its a crapshot as to what that headless chicken is gonna do. Trying to predict it is a fools game. Leave that for B1. He's a headless chicken. Trade your signals or cherry-pick quality stocks for the long haul. jmho
Nah, if it worked out, I will be up big. If not, I am still up. If price doesn't trade as expected, that's also a give away for other setups. Don't sweat it man. Let's make money.
And the day just started, so we still need to see what happens next. If no initial reaction, will it come later. That's why I will look at PA.
Haven't we all seen the massive counter moves lately. This doesn't mean I am wrong on direction, but rather timing. Just saying.