Be careful. Things are overbought to a fault. I see us dropping 1000 points on the dow in the next 3-4 trading days maybe even more. Perhaps a cumulative 1000 points opposed to one day but my guard is up big time.
Be very careful tomorrow guys
- Thread starter derektrader
- Start date
No shit Sherlock. My position is already down 500 points. How's YOUR position?
Typical.
'tis the "don't ban me" loophole.
oh no. not this message again.
DO NOT FEAR ABOUT TOMORROW!!!
every day is a great trading day.
Always trade with confidence, with discipline and clear mind.
stop investing and do day trading!
don't try to predict whether it will be up or down.
don't try to predict how much market will move.
factor all these unknown in your trade plan !
DO NOT FEAR ABOUT TOMORROW!!!
every day is a great trading day.
Always trade with confidence, with discipline and clear mind.
stop investing and do day trading!
don't try to predict whether it will be up or down.
don't try to predict how much market will move.
factor all these unknown in your trade plan !
Had to close my position for -620 points. Something was too wrong with the overnight session to keep hanging onto it. You happy now, Derek? I followed your advice!
you should publish a book
On the daily chart of the Dow we have 6 inside day bars in a row so far (after that 8/11/2020 bar), so the market could indeed go down if there is a clear breakout to the downside.
Inside bars in an uptrend usually mean the market is exhausted and a trend reversal is brewing...
However, if the breakout is on the upside after that many inside bars then watch out short sellers, get out of the way fast.
Or better yet, leave town.
Seriously! We are bouncing right now. We shall see. Tomorrow is a LONG ways off.
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