Jump to content



Photo

The "Indiscriminate Selling" Phase towards final PANIC phase?


  • Please log in to reply
13 replies to this topic

#11 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,704 posts

Posted 20 November 2018 - 10:41 AM

But, remember, the market will not be allowed to crash as it did in 2008, 1987 etc...

 

so, as I have been warning, be prepared to exit shorts quickly, watch the intraday trades closely, and put STOPS in, hard STOPS!

 

I expect a reversal today or tomorrow, but this down move has more to go...



#12 K Wave

K Wave

    Member

  • Traders-Talk User
  • 25,937 posts

Posted 20 November 2018 - 12:48 PM

But, remember, the market will not be allowed to crash as it did in 2008, 1987 etc...

 

so, as I have been warning, be prepared to exit shorts quickly, watch the intraday trades closely, and put STOPS in, hard STOPS!

 

I expect a reversal today or tomorrow, but this down move has more to go...

Unless Trannies can reclaim 10,400 level very soon, that index is in prime crash position.....9,000 area Target Zone.

Could be days, or many weeks away, but that is the target as long as below 10,400.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#13 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 16,704 posts

Posted 20 November 2018 - 04:40 PM

A bounce is most likely then the market will look for motivation to continue rallying but unless there is a FED change in policy and/or trade war resolution and/or some unknown bullish catalyst, the market will go down again. 

Q4 earnings must be above average or else there will be carnage in January/Feb 2019; until then, unless something really bad happens, I look for a slow grind up with back & fill, maybe finishing the year about SPX 2820

 

A long day for me, starting at about 6am, but a great one to finish the week. 

NQ 1628 points profit today! 

 

The post-lunch session was not as good as the few hours before, from 6am to noon but I 

 

Holding 8 QQQ JAN 155 calls, did not have time to send haggling over prices or else I would have bought more at lower prices. 

 

I am out until Sunday evening, Happy Thanksgiving! 



#14 RagingSpartan

RagingSpartan

    Member

  • Traders-Talk User
  • 558 posts

Posted 20 November 2018 - 05:06 PM

Won't see 2820 this year or next year.