ES Journal - 2017/2018

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Pekelo said:
I read that almost half of the S&P is in bear territory. We should just throw them out and call it S&P Three fiddy.

I will show myself out now....

https://www.reuters.com/article/us-...-sp-500-stocks-in-a-bear-market-idUSKBN1O928G
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An archaic rule is that a stock must be down 20 percent to be in bear territory. It's just arbitrary and most of the time there is good value at 20 percent down for a purchase. (depending on the stock) The broader market must drop through long term support and follow through that level to be in a bear market. Right now, we have pullback in an upmarket-----until 2530.
 
ahhhh
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Buy1Sell2 said:
An archaic rule is that a stock must be down 20 percent to be in bear territory. It's just arbitrary and most of the time there is good value at 20 percent down for a purchase. (depending on the stock) The broader market must drop through long term support and follow through that level to be in a bear market. Right now, we have pullback in an upmarket-----until 2530.
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Who are you trying to convince? BTW, you posted this earlier. This is a duplicate.
 
If we are going to rally today, it would be right here. I'll monitor my long into the close or stopout whichever is first.
 
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