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nasdaq....a falling knife


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#1 andr99

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Posted 09 May 2022 - 10:08 AM

and far from over


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


#2 andr99

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Posted 09 May 2022 - 10:21 AM

however....weekly macd never been this low in twenty five years and even more, while the daily is still above the low of the pandemic but not that far from it. Bulls will have their revenge when this crazy drop is over, but it's still not time for them 


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#3 12SPX

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Posted 09 May 2022 - 10:35 AM

I know isn't it great!!!  grind grind grind....



#4 andr99

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Posted 09 May 2022 - 10:35 AM

however (again), in 1998 the nasdaq lost 30% in little less than three months before the start of a powerful rally that brought it from 1400 to 5000 in little less than one year. Considering all of that, to me it's possible that this strong drop is anticipating the last big rise which might begin when the nasdaq finds its bottom (around 1000 ? )  


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


#5 12SPX

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Posted 09 May 2022 - 11:11 AM

Were in sync there, anywhere around here could see a pop higher....



#6 andr99

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Posted 09 May 2022 - 11:29 AM

sorry for the typo.....around 10000 I meant


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#7 andr99

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Posted 09 May 2022 - 03:28 PM

I guess the bottom will be somewhere between 10000 and 11000


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#8 slupert

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Posted 09 May 2022 - 03:34 PM

I just bought Spy 398.53, I'll hold. Still holding TLT.  Stalking BA, might be throwing baby out with the bath water there. (JMHO)



#9 slupert

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Posted 11 May 2022 - 07:43 AM

I just bought Spy 398.53, I'll hold. Still holding TLT.  Stalking BA, might be throwing baby out with the bath water there. (JMHO)

Holding SPY stopped out of TLT. Goota do it. (JMHO)