my nasdaq target for the bounce is 12500-12600 to reach next week
Then it can drop down heavily.....
that' s my FF.........
also the kind of pattern that was developing, suggested today's drop
Edited by andr99, 18 May 2022 - 11:15 AM.
Not scared by today' s drop
Started by
andr99
, May 18 2022 11:06 AM
11 replies to this topic
#1
andr99
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Posted 18 May 2022 - 11:06 AM
forever and only a V-E-N-E-T-K-E-N - langbard
#2
brucekeller
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Posted 18 May 2022 - 11:33 AM
We are in the epicenter of wave 3. Watch the sky! Full moon and stuff.
#3
andr99
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Posted 18 May 2022 - 12:15 PM
LOL.......no, I don' t think so........but however everything is possible
forever and only a V-E-N-E-T-K-E-N - langbard
#4
pdx5
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I want return OF my money more than return ON my money
Posted 18 May 2022 - 12:37 PM
I did not expect the big drop today. The market got absolutely smoked today...so far,
but it is still early and there are still 3 hours left for bulls to make a stand.
Amazing the market liked what Powell said yesterday, but traders woke up feeling completely different today.
500 points up yesterday 950 points down today! I think the market is confused.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#5
andr99
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Posted 18 May 2022 - 01:42 PM
I did not expect the big drop today. The market got absolutely smoked today...so far,
but it is still early and there are still 3 hours left for bulls to make a stand.
Amazing the market liked what Powell said yesterday, but traders woke up feeling completely different today.
500 points up yesterday 950 points down today! I think the market is confused.
I could bet the farm that tomorrow they are up big as the pattern underway rarely fails......but however next week the American indexes will top out
forever and only a V-E-N-E-T-K-E-N - langbard
#6
gismeu
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Posted 18 May 2022 - 02:13 PM
We are in the epicenter of wave 3. Watch the sky! Full moon and stuff.
You mind revealing to us if it is wave 3 DOWN or UP?
gis
If you can't buy Happiness, STEAL IT!
#7
fib_1618
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Posted 18 May 2022 - 02:47 PM
Amazing the market liked what Powell said yesterday, but traders woke up feeling completely different today.500 points up yesterday 950 points down today! I think the market is confused.
This is exactly the reason why many of today's technicians gave up on fundamental analysis for better and more consistent profits.
Fib
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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
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Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#8
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 18 May 2022 - 02:50 PM
I did not expect the big drop today. The market got absolutely smoked today...so far,
but it is still early and there are still 3 hours left for bulls to make a stand.
Amazing the market liked what Powell said yesterday, but traders woke up feeling completely different today.
500 points up yesterday 950 points down today! I think the market is confused.
Bear markets are like that.
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#9
pdx5
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Posted 18 May 2022 - 04:51 PM
Amazing the market liked what Powell said yesterday, but traders woke up feeling completely different today.500 points up yesterday 950 points down today! I think the market is confused.
This is exactly the reason why many of today's technicians gave up on fundamental analysis for better and more consistent profits.
Fib
I did not see any TA experts forecasting today's record breaking decline. May be I just missed that post.
I do not use funnymentals to trade. Takes too much time away from golf. My method is less time consuming and simpler.
Patience is a virtue. I just wait until there is blood in the streets (March-April 2020 for example)
then jump in full force, wait 1 year or more to secure long term lower tax rate and go back flat.
Waiting for SPZ to drop in 3500 neighborhood for next jump.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#10
slupert
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Posted 18 May 2022 - 06:09 PM
I did not expect the big drop today. The market got absolutely smoked today...so far,
but it is still early and there are still 3 hours left for bulls to make a stand.
Amazing the market liked what Powell said yesterday, but traders woke up feeling completely different today.
500 points up yesterday 950 points down today! I think the market is confused.
What was most disheartening about today's action; is that investors have to suffer these random 20% plus fiasco's. Once again, you see these CEO's come on CNBC and tell the public these earnings results were a total surprise. BLLSHT!! If your management team can not protect shareholders from carnage like this, what the heck are they doing there? They are like mob bosses at the RICO trials, "I know nutten! nutten!!"
