I guess the market's objective to take all my money, squeeze me
until I cry with pain and give up and sell, then jump back up
again. It is going to be another nasty day! LOL.
Well not only did yesterday really have the technical set-up of
a wave 4 on many intraday charts but even on a more Bullish side I
went back on the S&P and looked at Hammer days and we almost
always retraced lower the next day so while often it did start to
mark a bottom it was not immediate.
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Market Drop
Posted by Robert50 on 4th of Aug 2011 at 09:39 am
I guess the market's objective to take all my money, squeeze me until I cry with pain and give up and sell, then jump back up again. It is going to be another nasty day! LOL.
Well not only did yesterday
Posted by tom on 4th of Aug 2011 at 09:52 am
Well not only did yesterday really have the technical set-up of a wave 4 on many intraday charts but even on a more Bullish side I went back on the S&P and looked at Hammer days and we almost always retraced lower the next day so while often it did start to mark a bottom it was not immediate.