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anyone got a target for this bounce ?


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#1 andr99

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Posted 17 May 2022 - 12:06 PM

13000 points of nasdaq100 is mine.......if it overcomes 13500 the bearish case would start to weaken 

 

time is also important....it should take till the 26th of May.....if it goes quicker it's a problem again   


Edited by andr99, 17 May 2022 - 12:09 PM.

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#2 slupert

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Posted 17 May 2022 - 01:26 PM

Powell started speaking right after you posted that, all down hill from there so far.



#3 slupert

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Posted 17 May 2022 - 01:57 PM

Powell started speaking right after you posted that, all down hill from there so far.

Bounced right back after Powell did his best t kill it, tell me that isn't Bullish.



#4 andr99

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Posted 17 May 2022 - 02:03 PM

bullish it's bullish, but where is the target ? 


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


#5 pdx5

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Posted 17 May 2022 - 02:35 PM

Target price AND time, both are needed for a meaningful opinion.

I can say SPX at 10,000 & Dow at 100,000 but if I don't say which month, it has no meaning.


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#6 slupert

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Posted 17 May 2022 - 04:24 PM

bullish it's bullish, but where is the target ? 

ST most aren't looking for much, but I think we can get back to 4500, as long as good news is not treated like bad news and margin deterioration isn't that bad. The news is just so negative everyday as we try and wallk it down to the street's buy in price. NDX 13670. (JMHO)



#7 pdx5

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Posted 17 May 2022 - 04:38 PM

 

bullish it's bullish, but where is the target ? 

ST most aren't looking for much, but I think we can get back to 4500, as long as good news is not treated like bad news and margin deterioration isn't that bad. The news is just so negative everyday as we try and wallk it down to the street's buy in price. NDX 13670. (JMHO)

 

4500 in what time period? 

It will get to 10,000 eventually. But I don't know which year.


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

#8 andr99

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Posted 17 May 2022 - 07:32 PM

dTraderB posted that there was a bounce coming and after that, a re-test of 2022 lows and I agree. So, if this is just a bounce, that means we won' t go to new highs from here and we will resume the downtrend when the bounce is over. So, where would you see the top of this bounce ? Whenever it comes........tomorrow, next week or next month ?    


Edited by andr99, 17 May 2022 - 07:33 PM.

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#9 pdx5

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Posted 17 May 2022 - 07:49 PM

dTraderB posted that there was a bounce coming and after that, a re-test of 2022 lows and I agree. So, if this is just a bounce, that means we won' t go to new highs from here and we will resume the downtrend when the bounce is over. So, where would you see the top of this bounce ? Whenever it comes........tomorrow, next week or next month ?    

It does not matter to me where the top of this bounce is. Because I will neither go short nor long during the bounce.

I am planning to go long later in Late fall season. I usually make only one trade during one year, with 100% of my trading capital. 


Edited by pdx5, 17 May 2022 - 07:51 PM.

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

#10 andr99

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Posted 18 May 2022 - 02:22 AM

Ok then..... 


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