Originally posted by AtW
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stock market crash
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Originally posted by scooterscot View PostI don't do day trading. Good grief, how many times? I'm a macro investor / swing trader with a limited number of annual trades.
There's nothing wrong with the charts, the trend is identified. Where is the top? Who know who cares. Are we in profit - well lets keep it that way.I am what I drink, and I'm a bitter manComment
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Originally posted by scooterscot View PostIt can totally do that. There's no problem there. Are they going to do a share burn?!
The bet you're taking is I'd say is <0.1% probability.
The quarterly chart below. Green columns indicating overbought conditions. Look left to see what followed with price action. Imagine sitting on a stock for 8 years that only went down. Imagine watching it run up almost 3000% and not taking a penny from it.
This is why charting is so flawed - you're selecting a data range that produces the trend you want to see; change the time line and the trend will almost certainly change too.I am what I drink, and I'm a bitter manComment
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Originally posted by scooterscot View PostI don't do day trading. Good grief, how many times? I'm a macro investor / swing trader with a limited number of annual trades.
There's nothing wrong with the charts, the trend is identified. Where is the top? Who know who cares. Are we in profit - well lets keep it that way.
Bullish pattern failed in the last few days, now turned bearish. $6 target price. It stops at $15 first for a wee while, if it stays there its defo going to $6.I am what I drink, and I'm a bitter manComment
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Originally posted by Whorty View PostYou predicted it to drop; your trend was downwards. Good grief fella, just admit you're wrong for once."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 PostAnd it did. Then it went up again.Comment
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Originally posted by scooterscot View PostAnd it did. Then it went up again.I am what I drink, and I'm a bitter manComment
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Originally posted by Whorty View PostThat's what stocks do, they fluctuate daily. I thought this was why you looked at trends? You're supposed to ignore the daily fluctuation and pick a trend direction. You did. You got it wrong.
Stocks area weekly at best monthly is stress free."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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S&P 500 doom
Price action just broke through a support line representing a break of market structure. i.e. the previous higher low was just taken out.
Trend reversal! I'll not be the only one that just observed that significant trend change.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Volitility index
Woah - shot up 23% today!!
A value above 32 will be a repeat of February / March earlier in the year with bells on. Fingers crossed for next week.
Come on Trump, be how you can be - do something awesome like dispute the result if you lose and remain in office. That would be lovely.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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