Has the correction begun?

Discussion in 'Trading' started by trader1974, Jan 23, 2020.

  1. The fed has already begun to pull funding from the market
     
    #61     Jan 25, 2020
  2. gowthamn

    gowthamn

    Yes, if they never sold, they never lost because the market is UP overall from any point in US history.
     
    #62     Jan 25, 2020
  3. trader1974

    trader1974

    I agree but the market does not rise vertically, it rises in sawtooth.
     
    #63     Jan 25, 2020
  4. Thanks to the suggestion from SunTrader to look at ROC, I ran some ROC calculations on the number of accounts going long and... we have a downtrend forming short term IMO. Blue line shows growth in number of accounts that are long.

    [​IMG]
     
    #64     Jan 25, 2020
  5. SunTrader

    SunTrader

    Another one lol.

    Yes and if the tooth fairy came to your house last night you will find something under your pillow. Go check.
     
    #65     Jan 25, 2020
  6. As long as Trump is president, the market is not coming down.
     
    #66     Jan 25, 2020
    volpri likes this.
  7. I see facts bother you
    Oh well
     
    #67     Jan 25, 2020
  8. SunTrader

    SunTrader

    Facts don't bother me at all. Provide some ... if you have them rather than an empty claim.
     
    #68     Jan 25, 2020
  9. watch to see any btfd price action and if it makes any higher high. if you don't see any of these...yes, it is beginning of a downtrend for the spy.
     
    #69     Jan 25, 2020
  10. volente_00

    volente_00

    As long as a republican is president will we eventually see a recession and a 20% decline in SPX to 2645. Year 11 of economic expansion. Look up past economic cycles and what happens next


    Take it to the bank
     
    #70     Jan 25, 2020