by the way you can buy now and probably pocket 60 es points by 3 am if you want... put your stop about 40 points away. trade small lol.
My Dow quarterly chart shows support @ 23059 broken (obviously duh) so unless it is regained before quarter is out (12 trading days left) next support is not till 18280 - or 2900 points lower from today's close. I'm not a Dow Theory proponent but TRAN is in even worse shape. IMO eeeeeverything looks lower.
Wait a minute.. You said that a couple months ago, and we DID see new ATH. Now yer curve fitting yer own statement!
yes we need a tail on that candle by quarter end in the next 2 weeks. I don't want to see that bar close on low.
Well, it's very unusual for a technical trader to consult a quarterly chart. If you use the quarterly as your guide, by definition, you're an investor, not a trader. If that's the case, it's even stranger for an investor to base his decision on technicals rather than on fundamentals (eg. P/E, EBITDA, etc). Just a thought.
Not really, it went up by only 1.3% from where I called the top, which is negligible to the 28% drop we're now seeing from the ATH. Either way, I doubt we will go anywhere near the ATH.
Do any of you really think there is still a bull market when we just ended the day with a 10% drop? Asia markets are depleting all gains, U.S. is depleting all gains (from the past 2.5 years), the whole world is a total meltdown. I knew this would happen, because my first post is what did.
so just another f'cking flu.... worldwide annual flu death is 400,000 ... therefore on the same number scale. corona is roughly the same... not saying it's not deadly... but 2018 in the US alone 80,000 died from the flu and do any people even remember it was a high year? morons are morons.