Posted by kevindeng0727 on 1st of Jan 2023 at 09:54 pm
Last year when Matt first mentioned the possibility of retracing
the entire post covid bubble I thought it was nonsense. But now
look at the air pocket below if 2020 Sep low is not hold - wow
kevin - it's been my observation of the past that blow-off moves
in bull markets tend to get full retraced eventually, and the move
off the Mar 2020 low to the end of 2021 was a blow-off move. Can't
happen? why not, it's been the norm of the last 100 plus
years.
again NOT on this initial leg, but if this ends up being a 2 - 3
year bear market then sure why not on one of the other major down
legs
Last year when Matt first
Posted by kevindeng0727 on 1st of Jan 2023 at 09:54 pm
Last year when Matt first mentioned the possibility of retracing the entire post covid bubble I thought it was nonsense. But now look at the air pocket below if 2020 Sep low is not hold - wow
kevin - it's been my
Posted by matt on 1st of Jan 2023 at 11:33 pm
kevin - it's been my observation of the past that blow-off moves in bull markets tend to get full retraced eventually, and the move off the Mar 2020 low to the end of 2021 was a blow-off move. Can't happen? why not, it's been the norm of the last 100 plus years.
again NOT on this initial leg, but if this ends up being a 2 - 3 year bear market then sure why not on one of the other major down legs
Thanks Matt. QQQ looks like
Posted by kevindeng0727 on 2nd of Jan 2023 at 12:35 am
Thanks Matt. QQQ looks like a bear flag on your monthly chart as well.