How far this rally can go . Today we passed Nov low. I know that this is a strong rally, but how far we can go higher before a correction? I was looking at 60 min chart and I see any time during the last year we pass RSI 70, market had a nice correction, today Market closed on 60 min RSI 73 and is on a major resistance, But will we break these levels in the next couple of days ? what do you think ? if yes how far higher we can go before a correction
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How far this rally can go ?
- Thread starter madmaxer
- Start date
Whose opinion are you gonna rely on? some 'expert' here or on tv ? Are you gonna go with the general concensus bearing in mind the majority are wrong?- hey, there's an idea,you can fade them. Here's my take on it (bear in mind it's 100% worthless to you) Sell friday morning high,buy monday low,probably very late afternoon.As to the rally...thats all she wrote
1. US Gov Debt CDS insurance tripled from last year
2. Gov officials talk up stocks (obama is like a wall st jerk)
3. All bank CEO talk up their junk stocks
4. Treasury shorted and squeezed immediately
5. ... combine the picture ...
2. Gov officials talk up stocks (obama is like a wall st jerk)
3. All bank CEO talk up their junk stocks
4. Treasury shorted and squeezed immediately
5. ... combine the picture ...
Quote from madmaxer:
How far this rally can go . Today we passed Nov low. I know that this is a strong rally, but how far we can go higher before a correction? I was looking at 60 min chart and I see any time during the last year we pass RSI 70, market had a nice correction, today Market closed on 60 min RSI 73 and is on a major resistance, But will we break these levels in the next couple of days ? what do you think ? if yes how far higher we can go before a correction
Depends on the news. Just MHO.
Quote from madmaxer:
How far this rally can go . Today we passed Nov low. I know that this is a strong rally, but how far we can go higher before a correction? I was looking at 60 min chart and I see any time during the last year we pass RSI 70, market had a nice correction, today Market closed on 60 min RSI 73 and is on a major resistance, But will we break these levels in the next couple of days ? what do you think ? if yes how far higher we can go before a correction
We have a rally back to the Nov low.
Attachments
A look at closing prices. Yesterday we closed at the Nov low on the SP500 cash index.
Are we going higher remains to be seen. It is the end of Q1 so anything can happen, maybe we do get some window dressing so half the country doesnât commit suicide when the open the quarterly statements.
Are we going higher remains to be seen. It is the end of Q1 so anything can happen, maybe we do get some window dressing so half the country doesnât commit suicide when the open the quarterly statements.
Attachments
This is going to be the mother of all bear market rallies. Prepare the troops and allocate accordingly. **
** this information is based on the author's opinion that the market will go up and then, and only then, will it decline.
** this information is based on the author's opinion that the market will go up and then, and only then, will it decline.
Quote from Kevmeister:
This is going to be the mother of all bear market rallies. Prepare the troops and allocate accordingly. **
Who would have thought of doing that.
Very clever indeed
regards
f9
** this information is based on the author's opinion that the market will go up and then, and only then, will it decline.