Jump to content



Photo

Crash Update


  • Please log in to reply
15 replies to this topic

#1 RagingSpartan

RagingSpartan

    Member

  • Traders-Talk User
  • 449 posts

Posted 29 October 2018 - 11:10 AM

High risk window over the next 4 days. We are sitting on the lower channel ledge. A break lower here will be fast.

#2 saltlake

saltlake

    Member

  • Traders-Talk User
  • 1,571 posts

Posted 29 October 2018 - 12:31 PM

Love your conviction , lets see how it plays out

#3 RagingSpartan

RagingSpartan

    Member

  • Traders-Talk User
  • 449 posts

Posted 29 October 2018 - 01:06 PM

Too many dip buyers. They will be washed out before we bottom.

#4 RagingSpartan

RagingSpartan

    Member

  • Traders-Talk User
  • 449 posts

Posted 29 October 2018 - 01:19 PM

We will see vix in the 30's low 40's on this next leg lower.

#5 RagingSpartan

RagingSpartan

    Member

  • Traders-Talk User
  • 449 posts

Posted 29 October 2018 - 01:33 PM

Close on the lows

#6 K Wave

K Wave

    Member

  • Traders-Talk User
  • 3,054 posts

Posted 29 October 2018 - 02:20 PM

AMZN pure UGLY....

 

Probably gettin' close to some sort of washout low on that one.

 

But bubble certainly looks to popped now. Should be some great selling opps on sharp rallies on that one going forward.

 

AAPL on the other hand, looks to just be gettin' started if bears can hold this breach of 215 today.....



#7 K Wave

K Wave

    Member

  • Traders-Talk User
  • 3,054 posts

Posted 29 October 2018 - 02:29 PM

High risk window over the next 4 days. We are sitting on the lower channel ledge. A break lower here will be fast.

 

Crash Target on Trannies Daily chart is around 9K....

 

SPX around 2320 if a crash led by AAPL does indeed manifest....

 

NYA could make it all the way under 11K, where I would expect a significant pivot low to be put in.

Should see a decent rally off of that, but IF/WHEN that pivot low is broken, should mark the end of the great Bull off the 1974 low on NYA.

The October monthly candle on on NYA has to be one the more ugly candles coming off a failed rally attempt in all of stock market history....



#8 K Wave

K Wave

    Member

  • Traders-Talk User
  • 3,054 posts

Posted 29 October 2018 - 02:35 PM

210 is HUGE on AAPL chart....if it loses that, expect to see FB NFLX GOOG AMZN type action shortly thereafter....



#9 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 12,218 posts

Posted 29 October 2018 - 02:44 PM

Crashing.  Now looking for 20% correction.................

Soon to test the low of the year SPX 2530.


Edited by redfoliage2, 29 October 2018 - 02:47 PM.


#10 K Wave

K Wave

    Member

  • Traders-Talk User
  • 3,054 posts

Posted 29 October 2018 - 02:45 PM

210 gone....