They are hanging by a thread. The 50 dma is barely holding them up.
Nasdaq and S&P on the cusp of a Breakdown
- Thread starter derektrader
- Start date
The markets will sell off a bit more as a tantrum to get the Fed's attention. FOMC meeting next week..
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for goodness sake, stop worrying every day every night!
Let the politicians, businessmen, CEOs ... do all the worrying.
It doesn't matter whether it is hanging by a thread or
spiderman web.
It doesn't matter whether it is sitting on the solid
rock diamond.
Simply delete that troubling 50dma line
and any other troubling lines which you have.
And trade based on price action.
Every day, always come to the trading desk with confidence
and not perpetual fear and anxiety and nervousness and unease
and uncertainty and suffering. and restlessness.
Breakup or breakdown or breakout or break outside or break inside,
we traders will earn $$$$.
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Dude. You're making all these absolutely assured predictions... but it's obvious that you're not putting any money behind them, or you'd have been dead broke 500+ posts ago. You've been dead wrong a number of times that I've seen, so you're not trading with either any size or any actual conviction.
So what's the point? You're just wrecking whatever little passes for a reputation for a random poster here. Give it up.
I wonder if his 50 DMA line is colored black. Kinda' like a secret crush or something.
Well quit feeding him attention or these useless threads are going to keep popping up like weeds in a garden....
Well quit feeding him attention or these useless threads are going to keep popping up like weeds in a garden....
He'll never go away until he be banned from the politics section. That's his cabbage patch, as it were.
Well quit feeding him attention or these useless threads are going to keep popping up like weeds in a garden....
don't worry.
I wrote because the market was not moving,
and I was trying to pass my time.
You do realize that moving averages are lagging indicators and these indicators are fed data which is the stock price? By the time, the moving averages move, stock prices have moved a long ways? As any tool, it can be misused. Moving averages are there to help you see trends more clearly. Without a single indicator, you can trade the stock market and yes, even determine the trend.