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#11 pdx5

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Posted 24 November 2021 - 10:52 PM

For some reason 2018 seems to be coming to mind as everyone is saying the same thing.....

Please refresh my memory about 2018. What took place? I am feeling lazy and don't want to do the research.


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#12 redfoliage2

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Posted 25 November 2021 - 10:59 AM

DAX had been a drag overnight.  But after a bullish engulfing it is now pending for a bullish reversal to above 16K from the inverted H&S on the hourly ..............................


Edited by redfoliage2, 25 November 2021 - 11:04 AM.


#13 12SPX

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Posted 25 November 2021 - 09:37 PM

oops doesn't look so bullish now, had a feeling it wasn't going to be.  In Dec 2018 the market sold off hard right even into Christmas eve!! 



#14 pdx5

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Posted 26 November 2021 - 12:03 AM

oops doesn't look so bullish now, had a feeling it wasn't going to be.  In Dec 2018 the market sold off hard right even into Christmas eve!! 

Thanks! May be Santa was sick with covid in December 2018. I understand covid likes obese people.


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

#15 12SPX

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Posted 26 November 2021 - 08:15 AM

This was about 6 months ago but 78.8% of them were the total deaths in America!!



#16 redfoliage2

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Posted 26 November 2021 - 09:21 AM

Bears cowardly attacked on the futures market taking the advantage of the holiday time.  However, I see this a good opportunity for buying dips.   Forget about the new COVID variant as it's normal with viruses and in this case more than 95% of population should be okay according to the statistics.   This is just a pandemic for very few people depending on their genetics ................


Edited by redfoliage2, 26 November 2021 - 09:27 AM.


#17 12SPX

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Posted 26 November 2021 - 09:41 AM

Yes maybe except this hasn't been a healthy bear market.  The last time we saw more then a -1% down day was Oct 4th.  We could easily see at least a full -2% down here.  Then it could rally more but volatility may be here for at least the week!!



#18 redfoliage2

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Posted 26 November 2021 - 09:52 AM

I said last week that both USD and the 10 year bond yield were likely topped.  The yield dropped more than a point today.  The good thing with the COVID variant hype is that the Fed will have to keep liquidity running longer as it indicated at previous meetings .....................


Edited by redfoliage2, 26 November 2021 - 09:59 AM.


#19 linrom1

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Posted 26 November 2021 - 10:04 AM

No rate cuts! LOL



#20 redfoliage2

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Posted 26 November 2021 - 10:24 AM

Bears cowardly attacked on the futures market taking the advantage of the holiday time.  However, I see this a good opportunity for buying dips.   Forget about the new COVID variant as it's normal with viruses and in this case more than 95% of population should be okay according to the statistics.   This is just a pandemic for very few people depending on their genetics ................

I see the market much higher than the current level (SPX 4611) before long .....................


Edited by redfoliage2, 26 November 2021 - 10:28 AM.