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Time for a bounce...


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#1 diogenes227

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Posted 12 February 2018 - 02:04 AM

From the link:

 

 

For now, after Friday’s further plunged to another new low and reversal back into positive territory, it’s likely the market will bounce this week. How high and for how many days is anyone’s guess but a bounce is what to look for, and, as they say, if one sees what one is looking for, jump all over it.

 

For more discussion and a chart:

 

MARKET TIMING THE BOUNCE


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

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#2 da_cheif

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Posted 12 February 2018 - 05:19 AM

"bounce"......sic   pop.gif



#3 redfoliage2

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Posted 12 February 2018 - 05:31 AM

What's your target for the bounce? 


Edited by redfoliage2, 12 February 2018 - 05:36 AM.


#4 diogenes227

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Posted 12 February 2018 - 09:23 AM

What's your target for the bounce? 

 

 

How high and for how many days is anyone’s guess but a bounce is what to look for, and, as they say, if one sees what one is looking for, jump all over it.


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#5 q4wer

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Posted 12 February 2018 - 09:26 AM

small caps quickly leads to the downside...



#6 q4wer

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Posted 12 February 2018 - 10:12 AM

it looks to me this bounce is being sold hard, and people want to escape this market



#7 fib_1618

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Posted 12 February 2018 - 12:08 PM

 

What's your target for the bounce? 

 

 

How high and for how many days is anyone’s guess but a bounce is what to look for, and, as they say, if one sees what one is looking for, jump all over it.

 

 

Partial from this past weekend's Weekly Breadth Data update:

 

"The current .382 Fibonacci retracement level for the daily SPX is at 2692 (which is also the top of the previous Elliott 4th wave at 2695 on a closing basis), with the next level of .618 resistance coming in at 2761 (which is the mid point of the Elliott 3rd wave crash sequence before and after February 5th). Because of this then, let's look for Friday's rally to continue into next week to challenge the 2692 level by Friday's OPEX, with the following week setting up for some backing and filling before another rally is seen into the 1st week of March."

 

Fib


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#8 diogenes227

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Posted 12 February 2018 - 12:50 PM

 

 

What's your target for the bounce? 

 

 

How high and for how many days is anyone’s guess but a bounce is what to look for, and, as they say, if one sees what one is looking for, jump all over it.

 

 

Partial from this past weekend's Weekly Breadth Data update:

 

"The current .382 Fibonacci retracement level for the daily SPX is at 2692 (which is also the top of the previous Elliott 4th wave at 2695 on a closing basis), with the next level of .618 resistance coming in at 2761 (which is the mid point of the Elliott 3rd wave crash sequence before and after February 5th). Because of this then, let's look for Friday's rally to continue into next week to challenge the 2692 level by Friday's OPEX, with the following week setting up for some backing and filling before another rally is seen into the 1st week of March."

 

Fib

 

 

Thanks.  smile.png


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#9 da_cheif

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Posted 12 February 2018 - 01:04 PM

you guys obviously arent counting the recent sharp decline as a violent C wave off a B wave high  ending an intermediate 2nd wave thus....a meltup 3rd wave is underway....there is only one right count.....as it has been since 09.....watch the sky



#10 OEXCHAOS

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Posted 12 February 2018 - 02:44 PM

138 point rally in two trading days.


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