Originally posted by BlasterBates
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stock market crash
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Originally posted by Whorty View PostDid Scooty confirm this?
Another few months of the bull market, I reckon. I expect the markets will become more nervous as we approach the autumn, absent a vaccine.Comment
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I'm not convinced there'll be a stock market crash now, not during this election year. Perhaps if central banks weren't buying junk.
Also the Oxford vaccine kinda works. It stops pneumonia so it'll be an effective flu jab?
Strap yourselves in for a ride to button moon.Comment
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Originally posted by SeededLoaf View PostI'm not convinced there'll be a stock market crash now, not during this election year. Perhaps if central banks weren't buying junk.
Also the Oxford vaccine kinda works. It stops pneumonia so it'll be an effective flu jab?
Strap yourselves in for a ride to button moon.Comment
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Originally posted by BlasterBates View PostThe stock market has risen by 40% and therefore it is "officially" a bull market. Bear market rallies don't go much beyond 20%.
A bull market requires two conditions:
1) Price action above the 200-day moving average.
2) The 50-day moving average crosses the 200-day to the upside.
Without both of those conditions, you do not have a bull market.
By way of example... the Nasdaq below made a death cross and a life cross weeks later. But the conditions above were never met, technically the index never entered a bear market and remains in a bull market.
On the other hand we have here the FTSE 100. You can see both conditions are met, 50-day crosses the 200-day to the downside and price action is below the 200-day. This is a technical bear market.
The rally to the 200-day is very typical when entering a bear market. Price action comes up to test it as resistance. If confirmed, there'll be a horrendous move to the downside. And they we'll have a truck load of folks who were previous calling for a V shaped recovery saying, told you it was not.
If price action moves through the 200-day, it must confirm it as support.
All very simple really.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by SeededLoaf View PostI'm not convinced there'll be a stock market crash now, not during this election year. Perhaps if central banks weren't buying junk.
Also the Oxford vaccine kinda works. It stops pneumonia so it'll be an effective flu jab?
Strap yourselves in for a ride to button moon.
Do you want to make that bet real? $1k say?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostA bull market requires two conditions:
1) Price action above the 200-day moving average.
2) The 50-day moving average crosses the 200-day to the upside.
Without both of those conditions, you do not have a bull market.
Do you have a citation? There's no concrete definition - but it's loosely accepted as a 40% gain.Comment
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Originally posted by scooterscot View PostDo you want to make that bet real? $1k say?Comment
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Originally posted by scooterscot View PostDo you want to make that bet real? $1k say?Comment
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Originally posted by AtW View PostLike you keep your word
Trustless contracts. Are you getting it yet?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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