Except it won't be a straight line, were not there yet!!
Yes, we both have been posting there will be no crash, no straight down slide. It looks to me like a step ladder down by 30% from high of SPX 4800.
today bullish reversal
Started by
andr99
, Sep 22 2022 08:55 AM
20 replies to this topic
#11
pdx5
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I want return OF my money more than return ON my money
Posted 22 September 2022 - 12:36 PM
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#12
89S10
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Posted 22 September 2022 - 03:32 PM
A99, at least the Qs did not close on their low price of the trading session.
Could be bullish in this market.
#13
andr99
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Posted 22 September 2022 - 03:54 PM
Ok....I was wrong, but we are close to a bullish reversal because the june low will hold, that' s my bet.....
forever and only a V-E-N-E-T-K-E-N - langbard
#14
andr99
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Posted 22 September 2022 - 04:57 PM
when the spx daily macd is -70 and we are very very close, we get the reversal as we did in december 2018. The bear is over, the fall from the high of last year end is just corrective, it' s not the start of a prolonged bear market as it was the tech bear market of 2000 or the 2008 subprime crisis.
forever and only a V-E-N-E-T-K-E-N - langbard
#15
pdx5
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I want return OF my money more than return ON my money
Posted 23 September 2022 - 04:16 AM
We have a bigger crisis than 2000 or 2008. Which is much bigger inflation, much bigger national debt, and Biden is president replacing cheap fossil fuel energy with unreliable and more expensive green energy.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#16
K Wave
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Posted 23 September 2022 - 05:49 AM
While DAX makes fresh bear lows after the pic perfect power rejection at the 900 day...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#17
K Wave
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Posted 23 September 2022 - 05:52 AM
Let's flip that chart.....Super Bearish???
Yeah...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#18
K Wave
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Posted 23 September 2022 - 07:58 AM
And let's flip that Italy chart....sure looking a lot like a big transition just starting to complete....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#20
andr99
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Posted 23 September 2022 - 02:16 PM
more than one day probably........however I' m confident that the daily and weekly macd are still working and the rebound should start soon and then it should make clear that it will be more than just a rebound
Edited by andr99, 23 September 2022 - 02:17 PM.
forever and only a V-E-N-E-T-K-E-N - langbard
