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MORGAN STANLEY


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#1 tsharp

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Posted 25 September 2018 - 05:10 PM

One of the reasons cited for today's pullback in the Dow was bank stocks: Citigroup, Goldman Sachs... and one I hadn't yet looked at - Morgan Stanley...

Unfortunately, MS is in the same boat as the other bank stocks I previously looked at - it appears to have completed wave-e:V of an ending diagonal triangle, with a throw-over on both upper channel lines...

If this fractal interpretation is correct, then the first major support will be down at ~40, though eventually, price will fall back to the Wave-IV low range of ~6.70... watching.

 

MS_W_9.25.18.jpg



#2 diogenes227

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Posted 25 September 2018 - 05:53 PM

When JPM and BAC strap on the skis to join the others on the down slope... Could be quite a winter..

 


"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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