Key bear signal is if the index stays under 200sma for >3 days, whether nas sp russ dow. I always expect a bounce there, the play is to short after dcb on new 3day lows under 200sma
Nasdaq found strong support at the 200 dma ( again )
- Thread starter kingtrade
- Start date
Key bear signal is if the index stays under 200sma for >3 days, whether nas sp russ dow. I always expect a bounce there, the play is to short after dcb on new 3day lows under 200sma
That does not answer the question.
Only Zuul knows.
It's like asking "what's the airspeed velocity of an unladen swallow?"
Since you did not specify if it was an African or European swallow, you are ejected into the pit of despair. AAAIIIIEEEeeeaahhhh...
I'll have to settle for huge tracts o land then. For bulls it's a 'bring out yer dead' moment. Tis but a scratch, say ye of bullish bent. Yer arms off says Arthur..
Monty python and the holy grail quotes for the unitiated. Best.comedy.ever.
I'll reiterate "bulls are fkd"
My account is up 23-25% since you last said that. It's not a small account. This month during the "epic selloff" you keep talking about I'm up 6%. Nasdaq is down 7.5%. Hardly matters to me. I'm looking at WTI at 86.20 March 86.80 Feb looks like I'm set up for a nice pay off tomorrow. Only US stock I own is JPM which I bought today near the daily bottom. I own no IT stocks; if they drop enough maybe I'll change that at some point. Every correction since 2009 I've made money on no shorts required.
No it isn't.
It's not a bear market and even if we correct at some point most of the bears on here will be shorting it long after they should ( see late March-April 2020 ). The economy is too strong to do any more then that in 2022.
*psst* The NQ is down 10% from it's high. That's a correction. The Russel is like 15% down from the high, that's a correction. *Shhhsh pass it down*