Jump to content



Photo

Complex Bottoming, Part 2: Nearer to a sustainable LOW


  • Please log in to reply
492 replies to this topic

#51 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,295 posts

Posted 10 October 2022 - 10:29 AM

Looking like most likely pretty quiet day with Bonds taking a siesta.

 

Bears may take it to the edge, but not break it today.

 

Tomorrow could be quite a different story.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#52 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,295 posts

Posted 10 October 2022 - 11:29 AM

So far....Rusty doing the Zag at 1700, when bulls desperately needed a Zig....

 

ZIG.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#53 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,295 posts

Posted 10 October 2022 - 11:39 AM

First tests below 19.2 on BTC...now we see if it can hold or not....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#54 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,295 posts

Posted 10 October 2022 - 11:42 AM

Softy sure has the look of a key failure....see what happens over next few days...

 

msft.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#55 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,295 posts

Posted 10 October 2022 - 11:45 AM

Crude may still have a bit left, although a breach of 92 now could turn ugly....

 

cl.png


Edited by K Wave, 10 October 2022 - 11:46 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#56 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,295 posts

Posted 10 October 2022 - 11:50 AM

SOX...nice solid rejection off the 900 day and new lows...

 

This is where things CAN get ugly....

 

Careful out there until VIX gives an all clear...just sayin'

 

sox.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#57 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,295 posts

Posted 10 October 2022 - 11:57 AM

Market now in very risky area...

 

Again charts are in the area on so many stocks where nuclear bombs can and do go off at any time (no, not the Russian kind)

This time might be different, but if not....

 

nd.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#58 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,295 posts

Posted 10 October 2022 - 12:00 PM

AMZN, like Softy before it, on the verge of taking out HUGE pivot low...

 

amzn.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#59 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,295 posts

Posted 10 October 2022 - 12:09 PM

Dillards another high flyin' bird that may be about to come down hard.

 

That last pivot low likely key to whole thing.

 

Below that and low 100s come into play...

 

As long as that pivot DOES hold, fairly tight stops required, should this rollover attempt fail.

 

dds.png

 

Daily look

 

dds.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#60 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,295 posts

Posted 10 October 2022 - 12:11 PM

5 min DDS suggests the DECISION should be coming soon...

 

dds.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy