short term bottem on 8/1

C

chewbacca

major capitulation in homebuilders and banks today - if the rumors are true we crash from here - otherwise sideways action and rallies.
 
Quote from atticus:

So we crash or get sideways action and perhaps a rally. Hmmm, you make a compelling argument!
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okay to clarify - if we break lows then we crash to 1400 - which is 10% correction

or

we move sideways and build a base for a rally to the 50 ma or some techical other technical indicator.

i'm not saying this is THE BOTTEM though it just feels like a short term bottem.
 
Quote from Ivanovich:

I swear to God, I wish I had free reign to moderate on this forum.
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no i think you wish you could restrain your self from visiting this comedy site.
everything is comedy in trading: ET, CNBC, etc. - enjoy it.
 
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