Member
Posted 19 October 2023 - 02:20 PM
I think I see a little possible divergence from the early October low.
October 16th S/T Resistance held:
Posted 16 October 2023 - 05:12 PM
Mark, your VIX post was right on.
Now right back to s/t resistance and a little gap area
.
Edited by Rogerdodger, 19 October 2023 - 02:47 PM.
Member
Posted 19 October 2023 - 02:31 PM
The major stock indexes are so technically weak right now that they may not be able to pull up in time before they "crash".
Just noticed on the calendar that today is the 36th year anniversary of 1987 which included many geopolitical similarities that we have today.
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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Member
Posted 19 October 2023 - 02:45 PM
36th year anniversary of 1987
Crazy! I remember it like yesterday. I was walking across an old iron bridge at War Eagle Arkansas in the bright October sun.
My gold jewelry customers were buying like they could not care less!
PS. there is a 3 touch SPX upward trendline beginning one year ago that we are nearing right now. Good place for support or a ....
Edited by Rogerdodger, 19 October 2023 - 02:48 PM.
I want return OF my money more than return ON my money
Posted 19 October 2023 - 07:50 PM
1987 hell. I remember where I was and what I was doing when news of JFK assassination was announced on company intercom.
blustar
Posted 20 October 2023 - 09:52 AM
The major stock indexes are so technically weak right now that they may not be able to pull up in time before they "crash".
Just noticed on the calendar that today is the 36th year anniversary of 1987 which included many geopolitical similarities that we have today.
Fib
Watch out, a massive short covering rally coming. 4419 SPX cash by Tuesday next week?
Member
Posted 20 October 2023 - 10:15 AM
I remember the 1987 crash like it was yesterday was one of my funnest days in the market ever lol! Was even better I went into full cash the Wednesday before, just didn't feel right lol!! We had to stay in the office about 4 hours after the close as the tape was still spitting out our buys lol!!!
Member
Posted 21 October 2023 - 10:01 AM
The major stock indexes are so technically weak right now that they may not be able to pull up in time before they "crash".
Just noticed on the calendar that today is the 36th year anniversary of 1987 which included many geopolitical similarities that we have today.
Fib
And as in 1987, a very weak Friday close going into the fateful Black Monday.
So if the futures are down big on Sunday night or Monday pre-market...............
NYA weekly, if it now takes and holds the 200, the "crash window" opens....
Failure swing complete...Check
Momo taking out swing lows...Check
Price taking out 200...TBD
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
