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6.29 decline update


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#1 Dex

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Posted 26 June 2020 - 03:39 PM

Late Aug or Sept for bottom

 

 

- European Trade Talks, Tariffs worries

- Virus close down fears rise, governors tighten up in some states, hospitals get near max 

- China trade talks go nowhere

- North Korea heats up

- Fear of Trump loss

- Opening euphoria subsides

- Island reversal in most indexes

- Business bankruptcies surprise

- Business delay opening or close

- Initial uptick in retail shopping/eating goes away. 

 

Notice the trend in the Advance Decline info in the chart

 

 


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16


#2 Dex

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Posted 26 June 2020 - 03:56 PM

Look at up/down volumn


Edited by Dex, 26 June 2020 - 03:59 PM.

"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16


#3 humbled

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Posted 26 June 2020 - 05:28 PM

Look at up/down volumn

 

Today is the first time 4-hour cumulative Nasdaq UD volume line crossed the midline since early April:

 

naad.jpg

 

NYUD has crossed more often since late March, and this time crossed last week:

 

nyud.jpg


BIT #10:

Donít focus on the money. Focus on executing trades well.

If you are getting in and out of trades rationally, the money will take care of itself.

--from 40 Bits of Trading Wisdom (posted by Capitulation years ago on FF)

#4 pdx5

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Posted 27 June 2020 - 07:47 AM

Best opportunity in 5 years to go long. In 3 years, 30-50% profit without any effort.

Fear of covid-19 is causing panic right now, but look behind the curtain and even with the country opening up,

only 3% of the 3243 counties in the country are experiencing surge of infections. Like I keep saying, Asymptomatic infections are actually a good thing. The death rate is dropping continuously and is lower than all other major countries.

 

Never get lost in the forest looking at trees and losing larger perspective.


Edited by pdx5, 27 June 2020 - 07:49 AM.

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