I believe that everything is lining up for a crash as the market will panic that the Fed wont cut rates in time.
CRASH
Started by
trioderob
, May 22 2019 03:29 PM
8 replies to this topic
#2
OEXCHAOS
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Mark S. Young
Posted 23 May 2019 - 08:49 AM
I want to point out that trioderob posted this just after the close yesterday.
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#3
12SPX
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Posted 23 May 2019 - 09:03 AM
And he is? Why didn't it post?
#4
12SPX
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Posted 23 May 2019 - 09:31 AM
I find it hard to believe that anyone would want to crash the market because one positive tweet from the administration and boom the market moves up.
#5
tradesurfer
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Posted 02 June 2019 - 12:16 AM
The problem is this tariff crap is anti capitalist policies. And the attack on chinese cell phone company.. and now the attack on google for being a monopoly...
The market may get spooked out and the big money may just decide THIS WEEK to hell with it, I am just going to take my ball and go home and get the F out of this market with all this crap going on.
POTUS is trying to crash this market to force the Fed to cut rates massively. And this next week he may well suceed in that goal.
#6
tradesurfer
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Posted 02 June 2019 - 12:19 AM
By the way does anyone know how to calculate future nasdaq composite price necessary to achieve an RSI value of 7 ?
I need to know that number in the NAS that equates to RSI value of 7
#7
Darris
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Posted 02 June 2019 - 11:07 AM
You have to define what time frame for what period. Daily RSI 14 period, for example. By the way the $compq daily RSI14 has never been anywhere near that low in 20 years. Usually bounces below 30 in 1-3 days
#8
tradesurfer
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#9
Darris
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Posted 04 June 2019 - 03:55 PM
So for reference, The daily RSI-14 on the $compq bounced 2 days after being below 30 Oct 12, 2018. Then after 3 days on Dec 26, 2018. And now, 1 day June 4, 2019. On the last two, the 1st bounce day took you back to the price of the close prior to the drop below 30 on the RSI, but the one in Oct 2018 never really got back to the price high before the drop below 30. It is still a good idea to buy every close of the RSI-14 below 30. It works on any major index. I would not attempt too many shorts when the RSI-14 is above 70 tho. I would wait for a long term CCI to drop below +100 before attempting to go short and hold.
