This kind of volatility belongs to a bear market.
This is not bull market action
Started by
NAV
, Feb 28 2018 03:01 PM
5 replies to this topic
#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.....
#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.
#6
hopoco
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Posted 01 March 2018 - 01:57 AM
50 DMA was broken but 50 EMA holds
