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'This Will Be a Little Bit Worse Than a Normal Correction': April's Stock-market Selloff Isn't Over yet
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Rockaphobic : 40P 19 APR ... DOWN SHE GOES
V_银杏 : see u at 20
SpyderCallOP V_银杏: Agreed
SpyderCallOP Rockaphobic: I believe it will drop lower as well.
Kevin Matte : I agree with you, if the trend continues! I'm bullish on this. I'm curious what you think about the fibonacci trend repetition ^^ I think it can be repeated once or twice, but 3rd in a row I doubt it !
SpyderCallOP Kevin Matte:
I didn't even consider the short-term Fib levels. I like how they fit perfectly with the rally.
I have a lot of resistance levels at that previous high, so it will be difficult to break through, I imagine.
I added a few paragraphs to the end of this post. Check it out. I needed to add a little more info about the technical setup.
SpyderCallOP Kevin Matte: And another thing about that picture you posted with those two charts. It almost looks like you are making the beginnings of an Eliot wave. And there is one more wave up to complete the Eliot wave. Just a thought.
MonkeyGee : great catch. I think you did more analysis than Cathy.
MonkeyGee : Just looked into the trade a little more. Just because of Cathie's well-known trading techniques of buying high and selling low. I see an inverse head and shoulder forming, and all the indicators are turning. maybe it's just me reading tea leaves. But I have added it to my watch list. thx u
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SpyderCall : One of the best 13F Tracking Features out there!
RIPPER : I’m excited ……
SpyderCallOP RIPPER: Me too. I love a good dip to buy. And puts habe extremely low premiums right now. They could possibly print big time.
RIPPER : Am I the only one who saw this fall coming? I’m confused because seems like most out there were caught off guard.
All week long, I have had a gut feeling this exact fall was going to occur simply from my constant close observation of the moving averages. The patterns and overall movement of moving averages (throughout all time frames)TELL A STORY.
Only saying that because I’m not the best trader in any way, shape or form, but it seems even the pros didn’t see it coming
RIPPER SpyderCallOP: Yep, I had a couple of BIG bangers today.
It’s a good idea right now, to sort through the tickers with the most meat on the bone, lowest IV that appear to be topped out. Yes, most I’m looking at appear to be completely topped out.
If my original theory is correct, and this is the initial stage of transitioning from bull run to bear, then we are about to have some of the best opportunities of the entire quarter.
SpyderCallOP RIPPER: Good call. today was ugly. How low do you think it will go before the market buys it back up?
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