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#1 redfoliage2

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Posted 15 June 2022 - 01:53 PM

Bottom was in.


Edited by redfoliage2, 15 June 2022 - 01:54 PM.


#2 redfoliage2

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Posted 15 June 2022 - 01:56 PM

I'd expect another V shaped bounce to SPX 4100.  So it will be higher by the end of the quarter.  Funds buying started yesterday ........................


Edited by redfoliage2, 15 June 2022 - 02:03 PM.


#3 MikeyG

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Posted 15 June 2022 - 02:03 PM

Im taking my 401k out of cash. MOC orders in.

#4 fib_1618

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Posted 15 June 2022 - 02:08 PM

Falling knives abound.

 

Fib


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#5 redfoliage2

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Posted 15 June 2022 - 02:08 PM

Just take a look at NYAD up 300% today to see buying really kicked off at this bottom place...................


Edited by redfoliage2, 15 June 2022 - 02:14 PM.


#6 redfoliage2

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Posted 15 June 2022 - 02:25 PM

Falling knives abound.

 

Fib

At least in ST between now and the EOQ the "knives" is going upward.  To be honest I don't think "falling knife" is a realistic description of market movement as the market always moves up and down in either bear or bull markets.  It's all about timing.....................


Edited by redfoliage2, 15 June 2022 - 02:32 PM.


#7 fib_1618

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Posted 15 June 2022 - 02:37 PM

Just take a look at NYAD up 300% today to see buying really kicked off at this bottom place...................


Short covering is always quite deceptive.

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#8 fib_1618

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Posted 15 June 2022 - 02:54 PM

 

Falling knives abound.

 

Fib


At least in ST between now and the EOQ the "knives" is going upward.  To be honest I don't think "falling knife" is a realistic description of market movement as the market always moves up and down in either bear or bull markets.  It's all about timing.....................


After gapping lower on Friday and Monday to extreme “oversold” levels, that’s as good as the term “falling knife” gets.

 

Fib


Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

Technical Watch Subscriptions



 


#9 slupert

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Posted 15 June 2022 - 02:56 PM

Falling knives abound.

 

Fib

wait until earnings season, when projections get taken down. Only  couple weeks away



#10 MikeyG

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Posted 15 June 2022 - 03:12 PM

 

Falling knives abound.

 

Fib

wait until earnings season, when projections get taken down. Only  couple weeks away

 

 

That's baked in, all that matters at this point is the price of crude, IMHO.