The Bull Market is back!
- Thread starter Amun Ra
- Start date
idiot listen to me... when in doubt you should resist the urge, the more you talk the more you tell people you are absolute noob.
it was never a bear... it's a shake up.
Dude you have been the most consistently wrong poster in et history. I've been here 14 years so that's saying something
I'm like wtf. But I do give u credit for posting daily argumentative content, ur consistent at it .
Seriously Baron should give you an Epic Fail award. Et traders please like this post if you agree
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Probably a sell signal
LMAO man if you are right and it bounces back instantly and stays there you should change your handle to "bearslayer888"
First off, that's SPY, not DOW. 2nd, your little chart didn't account for the drop due to dividends so you need to subtract that.
293.62 - 2.758 = 290.86
290.86 x .8 = 232.68 is the point needed to be a 20% drop and it would need to close at that price or lower. Can't be an intraday low.
Your chart says 232.77 so you were about .11 away from a bear market.
Your chart is also off. On dec 26th 2018 spy hit a low of 233.76 which was .99 higher than your chart so I don't know what kind of trickery you were using with that chart as SPY never went that low. Also spy closed that day at 246. It did close lower on Dec 24 at 234.34, but it's still not the 20% drop.
Your chart was also a little high on the SPY's high, but only by a few cents, but it was still cheating.
I’m new here and seeing these comments about the market bouncing back seem ridiculous. Earning haven’t posted for March, manufacturing is down, consumer confidence is crushed, profits will be down. Someone explain what would be an indication of a bull market coming other than wishful thinking??