What happened to everyone, There were lots of folks here screaming get out a few weeks back.
Low for 2022 is in....
- Thread starter Rickshaw Man
- Start date
what exactly on did you see on the charts that told you the bottom was in? was it the higher lows after June 17 + gap on July 21st?
We popped above resistance at 3912 on rising volume. Then a perfect retrace, and off we went.
If you're gonna outline that tiny increase in volume on the break above 3912 and use it as confirmation, then what do you say about the declining volume (outlined via red line) on this entire move higher?
Personally, I don't care. I'm long and will stay that way for now. If you're looking for someone to ring a bell or something that typically doesn't happen.
LOL... so basically you use volume when it suits your narrative but when in contradicts your position you disregard it???
This has been a nice rally, historically bear mkts have 10-16 rallies >10% that avg 22.8% preceding new lows. When your'e in a big rally like we are now new lows are hard to imagine. The mkt has a way of proving most wrong.
I could care less what direction we go in, just as long as it does not flat line for months on end.
Check out this NetVidia chart -rallies of 43% & 33% gave way to much lower lows.
I could care less what direction we go in, just as long as it does not flat line for months on end.
Check out this NetVidia chart -rallies of 43% & 33% gave way to much lower lows.
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I'm sure there are a lot of traders who missed this and are waiting for a chance to get long. Each day they get more and more upset and will lash out in anger. Guess it makes them feel better.