Markets Within 3-5% of ST bottom- IMHO

[nillionaire]

It's not hard to nail a large reversal day, you don't need to pick the bottom for it.

Talk to the people buying at 11am today thinking it was a large reversal day.

 

[ElCubano]

Talk to the people buying at 11am today thinking it was a large reversal day.

Technically it reversed at 11

 

[nooby_mcnoob]

Talk to the people buying at 11am today thinking it was a large reversal day.

The way I look for a fat trend day is:

1. Fat reversal candle that retests without new lows
2. It becomes obvious by 945-10 am that it's one of those

Still, I don't *really* care as long as I keep doing what I'm supposed to.

 

[iceman1]

Bull market last for multiple years but
still people expect anything resembling
the bear to last just a couple days.

Good point.

Except: we are not talking about a LT trend reversal here from bear to bull. Just looking for a meaningful pop - like 10-15%.

 

[iceman1]

Bought AAPL calls couple weeks out looking for Memorial Day rally. Bought in at 139-139.75. Just taking a shot! 148c

 

[Tsing Tao]