Posted by timebandit on 22nd of Jan 2022 at 03:28 pm
Yeah, when I look at the Covid plunge, it kind of looks we would
actually be a little earlier into it than the March 11 time frame.
For example, NAMO was below the Bollinger Bands for 3 days in late
February. It came back within the lower band on Feb 28th, which
actually had a pretty deep low but closed above the low of Feb 27th
to make a green candle. After another couple days or so of rally,
the decline resumed.
I'm actually thinking Monday could be more like Feb 28th 2020.
Gap down but catch a bid and take off to end up green. But what do
I know? Nada, zip, zilch. The market will reveal itself.
And none of this is to say we will duplicate what happened in
2020. What I'm trying to keep in my mind is that all bets are off
in this environment. Pretty much anything could happen. I don't
want to lock myself into any expectations. I just want to be able
to react to what is according to a plan.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Yeah, when I look at
There are a couple of uncanny similarities between where the ...
Posted by timebandit on 22nd of Jan 2022 at 03:28 pm
Yeah, when I look at the Covid plunge, it kind of looks we would actually be a little earlier into it than the March 11 time frame. For example, NAMO was below the Bollinger Bands for 3 days in late February. It came back within the lower band on Feb 28th, which actually had a pretty deep low but closed above the low of Feb 27th to make a green candle. After another couple days or so of rally, the decline resumed.
I'm actually thinking Monday could be more like Feb 28th 2020. Gap down but catch a bid and take off to end up green. But what do I know? Nada, zip, zilch. The market will reveal itself.
And none of this is to say we will duplicate what happened in 2020. What I'm trying to keep in my mind is that all bets are off in this environment. Pretty much anything could happen. I don't want to lock myself into any expectations. I just want to be able to react to what is according to a plan.