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The Market Is in a Consolidation/Correction


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#1 redfoliage2

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Posted 20 April 2021 - 12:49 PM

I have been warning that it was close to a swing top since last Friday.  It's now actually in the process of a correction/consolidation.  Let's see how far it will go, I will post a heads-up when I see a change in the wind .............................



#2 slupert

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Posted 21 April 2021 - 06:34 AM

Watch CPI at 830, if inflation is seeping in  already the markets going to have real problems. (JMHO)



#3 pdx5

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Posted 21 April 2021 - 07:05 AM

Slupert, please post that cpi number if you see it.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 slupert

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Posted 21 April 2021 - 07:32 AM

Slupert, please post that cpi number if you see it.

oops.



#5 redfoliage2

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Posted 21 April 2021 - 08:59 AM

The internals improving today as there still no short of dip buyers ............................



#6 pdx5

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Posted 21 April 2021 - 10:47 AM

The internals improving today as there still no short of dip buyers ............................

 

Looks like the correction is over. This is the best buy the dip market in decades.


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

#7 brucekeller

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Posted 21 April 2021 - 12:25 PM

Watch CPI at 830, if inflation is seeping in  already the markets going to have real problems. (JMHO)

 

If CPI isn't that high after rents have pretty much doubled in the last decade and rents are supposed to be a big part of it, something tells me they've got its calculations under control. Not sure what kind of inflation it is supposed to measure. 



#8 brucekeller

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Posted 21 April 2021 - 12:27 PM

 

The internals improving today as there still no short of dip buyers ............................

 

Looks like the correction is over. This is the best buy the dip market in decades.

 

Yeah by the time it's done, even if it corrects by a huge %, most new investors in the stock market and real estate are going to be priced out anyway. Talk about creating one of the biggest wealth gaps ever. 



#9 slupert

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Posted 21 April 2021 - 01:15 PM

Try  and scalp the nq's at 13 870. for a look. (JMHO)



#10 slupert

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Posted 21 April 2021 - 01:33 PM

Try  and scalp the nq's at 13 870. for a look. (JMHO)

took a few points, not enough movement.