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BOUNCE & PLUNGE: waiting for the last dance & for the music to stop


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#51 K Wave

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Posted 24 January 2022 - 10:14 AM

Stepping in front of the breakdown candle from the falling wedge, and below major support, looks like pure insanity me...

 

highly unlikely to be a one and done situation.....more likely, just the start of a huge wave down....

 

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Edited by K Wave, 24 January 2022 - 10:15 AM.

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

 

 


#52 K Wave

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Posted 24 January 2022 - 10:16 AM

AAPL bears starting to put dents in 160 last stand defenses...


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

 

 


#53 K Wave

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Posted 24 January 2022 - 10:23 AM

AAPL looking like not going to be able to hold 160 first hour.

 

No panic candles just yet, but they could be imminent....


Edited by K Wave, 24 January 2022 - 10:23 AM.

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

 

 


#54 K Wave

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Posted 24 January 2022 - 10:28 AM

Looking like it is all about gettin' AAPL back above 160, before the bottom drops out of its falling wedge below support...

 

could be big moment of truth dead ahead here......


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

 

 


#55 steadyquest

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Posted 24 January 2022 - 10:33 AM

Alternate Q's count

 

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#56 12SPX

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Posted 24 January 2022 - 10:35 AM

Isn't that interesting down around 4278 where old lows were, -10% down, everyone and their dog beared up to the hilt with just a -10% decline, hmmmmmmm!  Put option prices are insanely bearish just like that, could be an interesting close today.



#57 K Wave

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Posted 24 January 2022 - 10:37 AM

BRK attempting to bounce in the key 295-300 pivot zone...

 

But if it cannot reclaim the 15 min 900, and 295 gets taken out, very likely will be a Look Out Below situation.

 

Solidly back above 300, and BRK could have successful back test of breakout

 

HUGE decision dead ahead methinks....

 

brk.png


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

 

 


#58 redfoliage2

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Posted 24 January 2022 - 10:39 AM

Likely a huge relief rally after the Fed meeting.  I just bought some ES weekly calls  .................


Edited by redfoliage2, 24 January 2022 - 10:43 AM.


#59 K Wave

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Posted 24 January 2022 - 10:40 AM

TSLA coming up for the back test of 900....what happens next could be very telling....


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

 

 


#60 K Wave

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Posted 24 January 2022 - 10:46 AM

BRK attempting to show first signs of life...

 

If it can get back above 304, bulls would be looking a bit better.

 

But back below 300, and wheels could come off very quickly.....

 

brk.png


Edited by K Wave, 24 January 2022 - 10:46 AM.

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