dow before a multi-week rebound to 52 week highs. anyone else agree? Looks like we're forming a decending triangle which began this morning. When it completes the dow will be at 13600 which is where it was before the big breakout two thursdays ago.
are you serious? or should i just call you shirley! You of all people should not be talking techinical patterns and such after dishing out to michael scott for TA. Your a buy and hold guy.
I'm not gonna trade on it Just pointing out what seems obvious based on my limited charting skills It's been a tough few weeks for longs. Most longs (my self included) were confident that large 200+ point breakout a few weeks ago would launch the dow firmly above 14,000 and beyond, but it appears we've reversed. CNBC no longer shows the orange DOW 14,000 alerts. A lot of people bought on that breakout who are now in the red.
I flipped 40K+ of AMZN yesterday for a nice profit so I do trade, but I also study charts and I couldnt help pointing this out because it seemed so obvious.
Still kinda pissed about that failed breakout. Dow goes up 200+ points and then poof gone after nine trading days. I demand reparations for this selloff. It was completely unfair and unanticipated. CNBC probably hastended the selloff by constantly displaying that stupid orange dow allert. Fast money with dickhead ratigan didn't help either. Note to CNBC: NEXT TIME DOW CROSSES 14000 SHUT THE **** UP. Stop jinxing it. When will mad money be cancelled? I can harldy wait till the day CNBC cans it or Cramer drops dead in the middle of a tirade.