2530 next, then panic!
Bear Update
Started by
RagingSpartan
, Dec 17 2018 02:00 PM
3 replies to this topic
#2
nimblebear
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Welcome to the Dark Side !
Posted 17 December 2018 - 02:52 PM
why wait until 2530 to panic ? what happens then ?
OTIS.
#3
RagingSpartan
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Member
Posted 17 December 2018 - 03:34 PM
We are approaching a zone where we will see 100-200 point fast decline.
#4
qqqqtrdr
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Posted 17 December 2018 - 06:45 PM
Looked at my charts... I have a Short Term Buy Signal as of close today.... Last Short Term buy was November 1st and we had a 3-day rally, before that in October we had a couple short term buy but they lasted 1 1/2 days but had a 2 percent swing to the upside......
Please note that Short Term the market will likely bounce here or open up lower and bounce... My medium term trading is still on a Sell. CBOE and Equity put/call 10-day MA is increasing showing that traders are getting bear positions, and Rydex Ratio showed the same at the end of next week, and likely that has not changed today.....
Valuations have been over priced, and are very close to become neutral...... Over the last 3 weeks US economic fundamentals have stopped accelerating to the downside ( except for confidence numbers which was likely caused by stocks ). This might be a pause in economic deterioration, but we do have Housing numbers, GDP, Fed this week which should be telling....
