Is the Bear market that began January 2022 over?

Is the Bear market that began January 2022 over?

  • Yes

    Votes: 12 23.5%

  • No

    Votes: 29 56.9%

  • Don't know

    Votes: 11 21.6%
  • Total voters
    51
  • Poll closed .
margin_gamble said:
Hey guys, check this out for tomorrow ..............

DJI, DJT, SPX, NYA RUT all have retraced around 23.6% approx. of the most recent drop on the 5-min chart. Nas and Q have not hit 23.6% but close to it.

Here's the thing. We had a big drop on Friday. It needs a correction, an upwards correction obviously.

Corrections normally go to at least 38.2%, and often to 50%. Since we are in a supposed 3rd wave its unlikely the correction will go to 61.8% but hey, this is a monster BEAR so there might be no such thing as normal operation

Pull up your charts on these indexes and draw the grid and see for yourselves. Keep eye on 38.2% as minimum profit taking level.

The 200-pd ema passes close to that level so keep eye on this too.

Good luck
More...
Good call by you.

Looks like ES is in free fall now. 3900 is inevitable and that is the Fibonacci retrace from the June low to last week's high.
 
margin_gamble said:
Hey guys, check this out for tomorrow ..............

DJI, DJT, SPX, NYA RUT all have retraced around 23.6% approx. of the most recent drop on the 5-min chart. Nas and Q have not hit 23.6% but close to it.

Here's the thing. We had a big drop on Friday. It needs a correction, an upwards correction obviously.

Corrections normally go to at least 38.2%, and often to 50%. Since we are in a supposed 3rd wave its unlikely the correction will go to 61.8% but hey, this is a monster BEAR so there might be no such thing as normal operation

Pull up your charts on these indexes and draw the grid and see for yourselves. Keep eye on 38.2% as minimum profit taking level.

The 200-pd ema passes close to that level so keep eye on this too.

Good luck
More...



Sorry, tried and failed. As is obvious, I really did expect this rally to 38.2% so I could stick in a juicy LONG ad then hammer the top of rally to nail the continuing BEAR leg down. Dow, SPX & Qs all at 50% retracement of the bear rally June to august top. Better luck tomorrow
 
see post #719 above ................ I was expecting this move as an alternate count which I had not ruled out completely. It was 50/50 odds but I thought what if? ............

posted this several days ago that the Market would do this to complete the bear rally that began June 16.



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