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The first support areas for me are 53.75 and much stronger 49-50.
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MA
MarcinO
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I'll start with Friday's HOD area indicated by Jim.
The first support areas for me are 53.75 and much stronger 49-50.
The first support areas for me are 53.75 and much stronger 49-50.
JI
jimkane
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And there's a new low for the move, and those two previous major swing lows are now taken out. Welcome to 'W3'. Actually, I am wary of a bounce now, because they like to play that game. But, it should be in 'W3' here by all accounts.
RA
rat89
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several sets are on the verge of potentially becoming yesterday's news....
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JI
jimkane
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Recall the chart and comment below? Look now.
It's really amazing. I'm working on trying to trade this.
Source: http://www.zerohedge.com/news/2014-10-09/schizo-market-has-biggest-plunge-6-months-following-most-euphoric-surge-2011
It's really amazing. I'm working on trying to trade this.
Source: http://www.zerohedge.com/news/2014-10-09/schizo-market-has-biggest-plunge-6-months-following-most-euphoric-surge-2011
Originally posted by jimkane
This usually converges rapidly after such a decoupling.
Source: http://www.zerohedge.com/news/2014-10-08/schizophrenic-stocks-surge-most-29-months-day-after-plunging
JI
jimkane
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A couple more charts from the above referenced article. This is some good stuff.
Source: http://www.zerohedge.com/news/2014-10-09/schizo-market-has-biggest-plunge-6-months-following-most-euphoric-surge-2011
Source: http://www.zerohedge.com/news/2014-10-09/schizo-market-has-biggest-plunge-6-months-following-most-euphoric-surge-2011
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rat89
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reposting from Wednesday.....spy bear trap, bull abcd, long exit at bull trap and bear abcd:
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rat89
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looks butt ugly, but the fibs and the line is there:
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JI
jimkane
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Lotsa nice bounces to lean on shorts today. Another glorious day. Last week I was blown away by the action. This week I was blown away squared. I love bear markets. Bigger swings, lots more volatility, rarely if ever a dull day. We won't know until it's well advanced whether this is a bear or not, but the action is 100% consistent with it. But, they've been altering the course of nature for some time now, so who knows what they will try to do.
You'd think they would be out of bullets, but I doubt that. I think they have a lot more up their sleeves, given they care not if they destroy the world for a hundred or a thousand years, as long as they stay in power a little longer, and the market goes up a bit more. Given that viewpoint, there is likely lots more they can do. After all, it has recently been revealed the Fed has a secret doomsday book, outlining scenarios they will do if 'bad' things happen. They refused to disclose what is in the book, but now acknowledge such a book does, indeed, exist.
You'd think they would be out of bullets, but I doubt that. I think they have a lot more up their sleeves, given they care not if they destroy the world for a hundred or a thousand years, as long as they stay in power a little longer, and the market goes up a bit more. Given that viewpoint, there is likely lots more they can do. After all, it has recently been revealed the Fed has a secret doomsday book, outlining scenarios they will do if 'bad' things happen. They refused to disclose what is in the book, but now acknowledge such a book does, indeed, exist.