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#51 K Wave

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Posted 11 March 2020 - 03:08 PM

Couldn't quite recover that floor...need to go straight up tomorrow or things could get even worse.

 

May be a good opportunity in overnight futures tonight....


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

 

 


#52 MikeyG

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Posted 11 March 2020 - 03:38 PM

Ill keep my day job 🙂

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#53 K Wave

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Posted 11 March 2020 - 05:58 PM

Bat Wing starting look better if they can keep YM over 23700 overnight.

 

If they do, final completion of the bat wing would be move pretty much straight up over the 25K level from here, and then keep on truckin'

 

I would not be long below 23,700....


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

 

 


#54 K Wave

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Posted 11 March 2020 - 06:40 PM

getting very close the edge of a big abyss after that failure...

 

Let's see if they make another attempt later...


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

 

 


#55 linrom1

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Posted 11 March 2020 - 07:54 PM

getting very close the edge of a big abyss after that failure...

 

Let's see if they make another attempt later...

Take a look at Daily 900MA on SPX. It stopped all corrections during the past 10 years and price stayed above 900 MA for the past 10 years. Its at 2670s....one day away.



#56 Waver

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Posted 11 March 2020 - 10:37 PM

it is way below 2670 right now with big time momentum down.



#57 K Wave

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Posted 11 March 2020 - 10:39 PM

 

getting very close the edge of a big abyss after that failure...

 

Let's see if they make another attempt later...

Take a look at Daily 900MA on SPX. It stopped all corrections during the past 10 years and price stayed above 900 MA for the past 10 years. Its at 2670s....one day away.

 

 

I don't know, market may be about to experience some sort of psychotic break, where all indicators get thrown out the window for a bit.

I am not stepping in front of this right now so close to limit down.

 

Fed had better step in for a massive 3 AM jam job, or who knows where this ends up tomorrow...


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

 

 


#58 Waver

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Posted 11 March 2020 - 10:44 PM

"where all indicators get thrown out the window for a bit."

 

This is what leads to crashes.

 

Extreme oversold conditions do not lead to a rally. Buyers give up and join the sellers.