The Bounce
#1
Posted 12 October 2018 - 07:51 AM
#2
Posted 12 October 2018 - 08:06 AM
do you mean 2844 ? right now spx should be 2770 8:06AM
#3
Posted 12 October 2018 - 08:41 AM
50% retracement: ES 2805
61.8% retracement: ES 2827
Edited by redfoliage2, 12 October 2018 - 08:43 AM.
#4
Posted 12 October 2018 - 09:31 AM
I don't see any meaningful bounce here.
#5
Posted 12 October 2018 - 09:47 AM
That's not a bellwether. You might try the group AAPL, AMZN, FB, GOOGL, MSFT, NFLX, and NVDA. They comprise 50 percent of the Nasdaq. They're up 2 to 6 percent today. You can also add INTC and ADBE to the leaders list.
Edited by Data, 12 October 2018 - 09:48 AM.
#6
Posted 12 October 2018 - 09:52 AM
do you mean 2844 ? right now spx should be 2770 8:06AM
Minimum retrace bounce off 2711 is 2744 to 2765, average bounce 2765 to 2798
#7
Posted 12 October 2018 - 11:05 PM
biggest up day in history next week.......everybody ready???...if ur not long into the weekend......would a huge gap opening lock u out???
#8
Posted 13 October 2018 - 10:47 AM
That's not a bellwether. You might try the group AAPL, AMZN, FB, GOOGL, MSFT, NFLX, and NVDA. They comprise 50 percent of the Nasdaq. They're up 2 to 6 percent today. You can also add INTC and ADBE to the leaders list.
Sorry. In my experience, semiconductor equipment stocks always lead. Especially in bear markets, they are the first to explode off the lows triggering fierce bear market rallies. In 2000 - 2003, there were at least 4 separate occasions where one could have made 25% - 40% within days if you dove in when the market was severely oversold with a massive negative TICK reading. After the -1514 TICK, there was no bounce whatsoever in AMAT, KLAC, LRCX, etc.
#9
Posted 15 October 2018 - 08:25 AM
Well, this is not a Bear market...
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#10
Posted 15 October 2018 - 12:54 PM
biggest up day in history next week.......everybody ready???...if ur not long into the weekend......would a huge gap opening lock u out???
Really?