Yesexpect a slow grind lower?Today's action tells me the realization is slowly creeping in. Don't expect a dramatic sell off.
Reality hitting the markets
Started by
Dex
, Sep 10 2020 12:08 PM
16 replies to this topic
#11
Dex
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Posted 11 September 2020 - 06:56 PM
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#12
steadyquest
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Posted 13 September 2020 - 11:31 AM
Scratching my head as to how an initial 3 day 11% NDX decline accords with a slow grind lower.
#13
Dex
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Posted 13 September 2020 - 11:56 AM
New day trader and new Robinhooders will be buying the dips.Scratching my head as to how an initial 3 day 11% NDX decline accords with a slow grind lower.
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#14
SemiBizz
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Posted 13 September 2020 - 12:35 PM
To summarize... the charts coming into the week were all headed for a test of the Lower Bollingers...
Tuesday afternoon, that move was mitigated and repaired by a (RIGGED) TEST of the ES Lower Bollinger in Afterhours... result, the market accepted that as a valid test and up we went on Wednesday...
The bearish objective here is to BREAK AND HOLD the LOWER BBs - Failed last week, failed this week.... WITH ONE EXCEPTION
RUT closed UNDER the LOWER BB 3/4 days this week including Friday...
Now we're not that far from those lower BBs in these indices, but against the backdrop of the (RIGGED) FOMC/OPEX Knockout Combo, it could be tough.
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#15
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 13 September 2020 - 03:03 PM
Markets will have to turn the advancers vs decliners up or price action will continue down:
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#16
steadyquest
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Posted 13 September 2020 - 04:39 PM
"New day trader and new Robinhooders will be buying the dips."
But what if they quickly adapt and start selling the rips?
#17
SemiBizz
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Posted 14 September 2020 - 01:10 PM
NASDAQ - Best Breadth today since 7/15
Markets will have to turn the advancers vs decliners up or price action will continue down:
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
