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This is not bull market action


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#1 NAV

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Posted 28 February 2018 - 03:01 PM

This kind of volatility belongs to a bear market.


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#2 saltlake

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Posted 28 February 2018 - 03:12 PM

Sitting on the 50dma now, bounce now or else I guess



#3 Shaggies_View

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Posted 28 February 2018 - 03:15 PM

Depends on your timeframe NAV. Looks like churn before highs. When 50 dma crosses 200 dma I may reconsider. Until then its a bull mkt

#4 LarryT

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Posted 28 February 2018 - 04:59 PM

This kind of volatility belongs to a bear market.

This classic wave IV trading within a wave FIVE off the March 2009 low. By fall of this year wave FIVE.....


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#5 NAV

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Posted 28 February 2018 - 10:45 PM

Depends on your timeframe NAV. Looks like churn before highs. When 50 dma crosses 200 dma I may reconsider. Until then its a bull mkt

 

It's not about the timeframe. I am talking about the market characteristic - sharp rallies getting sold brutally and big volatility all around. Yes, we may make a new highs a few months in the future or not. That really does not concern me as a trader. I need to qualify the current environment that i am trading in.


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#6 hopoco

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Posted 01 March 2018 - 01:57 AM

50 DMA was broken but 50 EMA holds