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close too a washout?

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#1 slupert

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Posted 23 June 2022 - 03:45 PM

Good volume today on the downside,but I would like to see a washout, before it bounces

 

 

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#2 slupert

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Posted 23 June 2022 - 03:46 PM

I'm not saying this is the bottom for this one, but would like to see some capitulation and a tradeable. bottom.



#3 fib_1618

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Posted 23 June 2022 - 04:07 PM

When the index related breadth and volume McClellan Oscillators all make new extremes (flags) simultaneous, only then when you'll have a good old fashioned capitulation "washout" from which a new internal foundation can then be constructed for an eventual tradable low in prices.

 

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#4 slupert

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Posted 23 June 2022 - 07:38 PM

Crazy. Every stock des not have a 100% correlation with the broad market. I'll make money on it in any time frame. Tomorrow will be good for something either long or short. (JMHO)



#5 slupert

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Posted 23 June 2022 - 07:41 PM

Obviously these have already reached a tradeable bottom,  Scan Name | Predefined Scans | StockCharts.com



#6 fib_1618

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Posted 23 June 2022 - 09:16 PM

Crazy. Every stock does not have a 100% correlation with the broad market. I'll make money on it in any time frame. Tomorrow will be good for something either long or short. (JMHO)

 

Agreed...not the point of the post however.

 

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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#7 slupert

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Posted 24 June 2022 - 09:45 AM

Crazy. Every stock des not have a 100% correlation with the broad market. I'll make money on it in any time frame. Tomorrow will be good for something either long or short. (JMHO)

whheeeeeere!