A " W-PATTERN". This looks very bullish with the upside
all the way from 1420 to previous high at 4300!!! That would cause
the most hurt to those with bearish positions(incl myself)
mundy what is your strategy for a W recovery? Are you buying
here for a move up and sellingn at the top? What if that never
happens and the market turns around here? You will end up
chasing the market...where is your stop? This is always
countertrend.
A " W-PATTERN". This looks
SPX 15
Posted by mundy on 14th of Sep 2022 at 11:04 pm
A " W-PATTERN". This looks very bullish with the upside all the way from 1420 to previous high at 4300!!! That would cause the most hurt to those with bearish positions(incl myself)
mundy what is your strategy
Posted by kobie on 15th of Sep 2022 at 06:39 am
mundy what is your strategy for a W recovery? Are you buying here for a move up and sellingn at the top? What if that never happens and the market turns around here? You will end up chasing the market...where is your stop? This is always countertrend.
Not holding my breath for
Posted by kobie on 15th of Sep 2022 at 06:32 am
Not holding my breath for a "W" recovery....
5% drop rarely happens. Doesn’t
Posted by arun on 15th of Sep 2022 at 07:41 am
5% drop rarely happens. Doesn’t mean we can’t go lower. But some consolidation is needed before the next move.