how far down do we go on the double-top?

E

empee

tbh i just posted this to piss off al the ppl who whine about ppl becoming bearish on a down day, but really I think it is a 2top so how much do we retrace, dow 13000?
 
i think tommorow is gonna be a good rinsing .. big day down, actually thurs too. Hmm probably the whole week till we finish this.
 
Quote from empee:

i think tommorow is gonna be a good rinsing .. big day down, actually thurs too. Hmm probably the whole week till we finish this.
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Err...tomorrow IS thursday. And Asia seems to be holding up so far.
 
Quote from empee:

tbh i just posted this to piss off al the ppl who whine about ppl becoming bearish on a down day, but really I think it is a 2top so how much do we retrace, dow 13000?
More...

You must not be much of a technician.
It's not a "double-top" unless the previous lows get taken out.
ie.) 1487.41 SPX.
 
yes and waiting to enter until it does is optimal time to short.. right? Especially on indexes try backtesting it :)


ack ur right i had a day missing, so thurs + friday should be REEEDDDD...
 
Quote from empee:

hopefully we can get a big volume on this monster down day to rinse out ppl, otherwise tommorow is worse.
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Looks on par. Heavy volume opening up and a lot of blood running...seems more is going into the red. We'll see if the selling lasts. Cheers.
 
Quote from SiSePuede!:

Looks on par. Heavy volume opening up and a lot of blood running...seems more is going into the red. We'll see if the selling lasts. Cheers.
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I regret covering 25% of my short....
 
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