so far they can't really crash it down. could rebound strongly tomorrow and friday. just guessing
Someone mentioned V bottoms?
#11
Posted 09 October 2019 - 08:43 PM
#12
Posted 09 October 2019 - 09:30 PM
Yes, I have held fast during each shake out, Wish I could have caught the swings but nope. I think strong into next Tuesday actually but won't push my luck past Friday afternoon. Wow,... what a woosh after hours huh?
I have a target of 2967 and as high as 2981 before I'll step in short for the big decline I expect after this week. But it may not be worth the risk as we have VERY hard resistance from 2945-2980 so that 35 points will be a grinding crawl unless the get a deal that gaps us to the top.
I think a short from this area will pay off
Good trades Scott
#13
Posted 10 October 2019 - 10:26 AM
Took profit today at 2944 nice swing risk getting to high here. Looking for more up but the rug could come out at anytime
#14
Posted 10 October 2019 - 12:43 PM
Waiting..... and IWM still has NO BEEF! Day 15 that my VXF position has been in cash (IWM still remains under its 10, 20, 50 and 200 DMA).
https://stockcharts....191&a=692015943
In other news.... Which sector on the chart below will be the winner in 2020? I don't know, but some sectors are getting way undervalued compared to the S&P 500.... If the guessers think the S&P 500 is about to make a BIG move then some of the big undervalued sectors on this chart should move to, and much greater then the S&P 500.
https://stockcharts....527&a=692550855
Edited by robo, 10 October 2019 - 12:52 PM.
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
#15
Posted 10 October 2019 - 01:14 PM
Waiting..... and IWM still has NO BEEF! Day 15 that my VXF position has been in cash (IWM still remains under its 10, 20, 50 and 200 DMA).
https://stockcharts....191&a=692015943
In other news.... Which sector on the chart below will be the winner in 2020? I don't know, but some sectors are getting way undervalued compared to the S&P 500.... If the guessers think the S&P 500 is about to make a BIG move then some of the big undervalued sectors on this chart should move to, and much greater then the S&P 500.
SevenSentinels Retweeted The God of Trading
Excellent Point. How may times has the market celebrated it already? =)
SevenSentinels added,
Like
https://twitter.com/...erp|twgr^author
STS SELL Signal at 2:10 PM
thomas Retweeted thomas
You just SAW one hell of a WHIP there... first the bears today, then the bulls... who's next?
thomas added,
https://twitter.com/VolumeDynamics
Edited by robo, 10 October 2019 - 01:17 PM.
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
#16
Posted 11 October 2019 - 10:51 AM
is this a setup for a massive failure over the Holiday weekend?
#17
Posted 11 October 2019 - 11:53 AM
Took profit today at 2944 nice swing risk getting to high here. Looking for more up but the rug could come out at anytime
I don't blame you for taking profits. I wish I had stayed in but it's no big deal. I have a fear factor when long these markets.
I think we might make new highs. I could be wrong but sometimes patience and lack of action is the best course. What is the saying?
Prudence is the better part of valor? I may have that wrong. Anyway my situation is complicated by having to leave very soon for treatment
NOtice how QQQ has gapped back up into the wedge I drew weeks ago if not longer. It went up toward the top trendline and then came
back and tested in a positive way the lower part of the wedge. I'm waiting for now. Tuesday next week sounds good.
https://tos.mx/HOKh3TM
Edited by skott, 11 October 2019 - 12:19 PM.