the thing that concerns me intermediate and long term is those
quarterly and monthly charts- it will either take a large
price correction to work those off, or a smaller correction along
with sideways chop for a long period of time (maybe year) to work
those off. After the hard correction in Feb/Mar 2020 it was
easy, buy a basket of stocks and hold - the move up was relentless
and it was easy, I don't expect a repeat of that again even after a
nice correction here. the charts on the longer charts tell me
not to expect such easy times like that - so even if you guy some
nice positions after a correction - it's not going to be easy move
up like we saw last year - could chop people up and frustrate
people for a year. That's longer term, short term we'll see what
happens here this week and month. 200 day MA's are pretty strong
magnets still
Matt, I agree 100%. My problem is each week I vary my opinion
between the Big Crash, it's over quickly/ and the death by 1000
cuts, nothing happens for a year scenario. My fear is that I can
tell I'm biased towards these 2 choices, I don't consider a
continuation move upward without a correction as a likely scenario,
which is dangerous to my profits.
yep. I guess the point I'm making, the market goes in cycles, it
trends, consolidates, trends, consolidates. It's been in a period
of extraordinary trend - ridiculously easy to buy and hold
and make money - I think next year will not be that easy - more of
a stock pickers market than a 'throw a dart buy anything and it
works' market.
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ES 240 Minute
Posted by steve on 6th of Oct 2021 at 09:07 am
https://www.screencast.com/t/Tef7W94Eu
Still range bound but current action represents a potential bearish triangle. Respect a clean break in either direction short term
Bring it all down hard
Posted by fundamentalvalues on 6th of Oct 2021 at 09:15 am
Bring it all down hard please so I can buy my discount inventory for next year
the thing that concerns me
Posted by matt on 6th of Oct 2021 at 09:28 am
the thing that concerns me intermediate and long term is those quarterly and monthly charts- it will either take a large price correction to work those off, or a smaller correction along with sideways chop for a long period of time (maybe year) to work those off. After the hard correction in Feb/Mar 2020 it was easy, buy a basket of stocks and hold - the move up was relentless and it was easy, I don't expect a repeat of that again even after a nice correction here. the charts on the longer charts tell me not to expect such easy times like that - so even if you guy some nice positions after a correction - it's not going to be easy move up like we saw last year - could chop people up and frustrate people for a year. That's longer term, short term we'll see what happens here this week and month. 200 day MA's are pretty strong magnets still
I got time and the
Posted by fundamentalvalues on 6th of Oct 2021 at 09:46 am
I got time and the cash to deploy, will be here waiting if/when it happens
Matt, I agree 100%. My
Posted by jj4376jc on 6th of Oct 2021 at 09:33 am
Matt, I agree 100%. My problem is each week I vary my opinion between the Big Crash, it's over quickly/ and the death by 1000 cuts, nothing happens for a year scenario. My fear is that I can tell I'm biased towards these 2 choices, I don't consider a continuation move upward without a correction as a likely scenario, which is dangerous to my profits.
yep. I guess the point
Posted by matt on 6th of Oct 2021 at 09:45 am
yep. I guess the point I'm making, the market goes in cycles, it trends, consolidates, trends, consolidates. It's been in a period of extraordinary trend - ridiculously easy to buy and hold and make money - I think next year will not be that easy - more of a stock pickers market than a 'throw a dart buy anything and it works' market.