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dow jones had an ugly bar yesterday...but


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#1 andr99

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Posted 14 July 2020 - 10:53 AM

it had the smell of a bear trap


forever and only a V-E-N-E-T-K-E-N - langbard


#2 pdx5

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Posted 14 July 2020 - 12:21 PM

One day big drops are characteristics of bull market in progress.

In bull markets valuations get ridiculously high,  and on any one day there will be a big correction.

Like yesterday, from DJI 500 points up and then all 500 points are vaporized.

But Then the slow but steady march upwards begins again.

 

Bear markets are exactly opposite. Stocks become cheap. P/E ratios become lower than average. 

Then one day there will be blistering rally by bargain hunters. Followed by drip drip more lower prices.


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

#3 K Wave

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Posted 14 July 2020 - 12:51 PM

no follow through so far for bears...if this sticks until the close, likely not good for them.....

 

Trannies on the verge of completely reversing last hour selloff move from yesterday


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