https://stock-market...y-trading-days/
I don't remember if I ever posted this before. Bob has been trading the markets since 1955. I learned a lot from him and Terry Laundry, who Bob also followed. Good read.
Bob Karrow
Started by
MDurkin
, Oct 06 2023 06:06 AM
2 replies to this topic
#3
K Wave
-
- Traders-Talk User
- 26,864 posts
Member
Posted 13 October 2023 - 10:46 PM
Depending now things play out over probably next 2 weeks, I could see either one of those happening.
The concerning one here is Rusty....not well at this point, going out at fresh weekly closing low for 2023, and October could easily turn into total disaster starting next week.
Utes and Reits already broken...
And If Meta takes out 300..GAME OVER
But if they manage to keep things together pretty much at today's close area, then still possible Oct low is in.
Mega Caps still the only thing holding this house of cards up at this point as this chart so beautifully shows...
Could they still lead a last gasp very narrowly led rally into Sell In May next year...possible...
Edited by K Wave, 13 October 2023 - 10:47 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
