If it closes below it again on good volume, and i mean at least 50 points below the 50 dma, the naz will hit the 200 dma as next support. Lets see what happens Monday.
Again !!! Nasdaq holds the 50 dma .
- Thread starter derektrader
- Start date
These small dips in the Nasdaq are to shake out the weak hands.
Nasdaq Stonks always eventually go up.
On the rare occasions they dip for a while, use the opportunity to buy more.
Nah, these dips are actually caused by DerekTrader's doomsday posts.
I think 50-DMA will give up next week, there are few catalysts that can lift sentiments ahead of elections, we have to see some good sell-off before the rally can resume.
Lol thats actually pretty funny. Mental note to use it when I get the chance.Here we go again, The Day The Nasdaq Went Down, by Oscar-winner Derek Trader, Season 2 episode 27, now available on Netflix and DVD.
Tradex will be proven wrong by derek, the greatest trader in the world/ universe/ galaxy.
We will fall hard either Monday or Tuesday of this weak. We hit support too many times. The more you hit support, the weaker that support gets.
We will fall hard either Monday or Tuesday of this weak. We hit support too many times. The more you hit support, the weaker that support gets.
IMDB rating 1.3Here we go again, The Day The Nasdaq Went Down, by Oscar-winner Derek Trader, Season 2 episode 27, now available on Netflix and DVD.
Care to bet on that, let's say $5,000 (payable via Paypal)...?
A bit early to make such a bet, no? It all depends on the media reports on Trump Status (and stimulus talks) from now until EOD Monday.