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Lower for L0nger, new Trading environment, SPX 1800 next target

Started by dTraderB , Mar 22 2020 07:29 AM

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15 replies to this topic

#1 dTraderB

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Posted 22 March 2020 - 07:29 AM

While I put FA at the top, closely followed by TA, this is now a new trading environment where News and world events are

fr more important and influence the markets faster than TA, FA etc.

Logic and reasoning dictate lower markets for longer in a unpredictable trading era. It could be the start of a new economy with totally different trading operations and rules.

SPX 1800 is my next major target.

The unthinkable is that SPX 666 generational and epochal low.

Never sat never when we know not what tomorrow brings....

Holding a small VOO and XLF LONG position and CRUDE CALLS

Would not mind much lower markets to add more LT

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#2 pdx5

I want return OF my money more than return ON my money

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9,527 posts

Posted 22 March 2020 - 08:53 AM

Buying every dip over 3% in SPX, with intention of holding 2+ years.

Good thing I left some cash on the side lines for occasions like this and did not buy anything for 2 years.

This is like grabbing merchandise on going out of business clearance sale.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

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#3 dTraderB

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17,455 posts

Posted 22 March 2020 - 10:36 AM

Buying every dip over 3% in SPX, with intention of holding 2+ years.

Good thing I left some cash on the side lines for occasions like this and did not buy anything for 2 years.

This is like grabbing merchandise on going out of business clearance sale.

I also want to buy and I expect to be under the water for a while but while I cannot predict the bottom I want to see signs of less selling and more visibility.
A good time for this is when earnings and warnings etc for Q1 begin to emerge and then the reaction from the market.

BUT, I will add at lower SPX levels if there is extreme selling, dumping etc and much more bearishness than this is almost total absence of dp buying.

There is still not enough bearishness and too much dip buying

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#4 K Wave

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26,862 posts

Posted 22 March 2020 - 10:43 AM

Buying every dip over 3% in SPX, with intention of holding 2+ years.

Good thing I left some cash on the side lines for occasions like this and did not buy anything for 2 years.

This is like grabbing merchandise on going out of business clearance sale.

I also want to buy and I expect to be under the water for a while but while I cannot predict the bottom I want to see signs of less selling and more visibility.
A good time for this is when earnings and warnings etc for Q1 begin to emerge and then the reaction from the market.

BUT, I will add at lower SPX levels if there is extreme selling, dumping etc and much more bearishness than this is almost total absence of dp buying.

There is still not enough bearishness and too much dip buying

Peak panic was on the 18th...many stocks that saw massive panic selling on 18th ended up higher on the 20th (some substantially higher)

Any lower lows in indexes should be bought aggressively.

Once this down wave that started Friday afternoon is done, should be huge mutli-day rally to kick things off upside..

This virus panic is on its last legs now.

Rates now a at zero, and Yuge stimulus going to hit soon....

Edited by K Wave, 22 March 2020 - 10:43 AM.

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

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#5 brucekeller

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1,140 posts

Posted 22 March 2020 - 11:00 AM

Buying every dip over 3% in SPX, with intention of holding 2+ years.

Good thing I left some cash on the side lines for occasions like this and did not buy anything for 2 years.

This is like grabbing merchandise on going out of business clearance sale.

I also want to buy and I expect to be under the water for a while but while I cannot predict the bottom I want to see signs of less selling and more visibility.
A good time for this is when earnings and warnings etc for Q1 begin to emerge and then the reaction from the market.

BUT, I will add at lower SPX levels if there is extreme selling, dumping etc and much more bearishness than this is almost total absence of dp buying.

There is still not enough bearishness and too much dip buying

Peak panic was on the 18th...many stocks that saw massive panic selling on 18th ended up higher on the 20th (some substantially higher)

Any lower lows in indexes should be bought aggressively.

Once this down wave that started Friday afternoon is done, should be huge mutli-day rally to kick things off upside..

This virus panic is on its last legs now.

Rates now a at zero, and Yuge stimulus going to hit soon....