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10/20/2018 Weekend Update
10/20/2018 Weekend Update
Up one week, 77% chances higher high ahead the next week so should be a rebound sometimes the next week, nothing to worry?
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BullBear52x
- Posts: 29574
- Joined: Tue Feb 22, 2011 3:47 pm
Re: 10/20/2018 Weekend Update
From "It is what it is department"
My take based on Multi time frames view. bottom finding steps : A. 1min. reversal pattern (checked) B. 5min. HH (checked) and C. next step is to focus on Hourly to see if the bottom will or will not sustain.
Note on a Daily on SPX , it triggered a buy the dip and MACD confirmed the buy is good, MACD histogram continues in an upward fashion. Good bottom sign unless the histogram bar closes lower then it will forewarn that the bottoming is weaken. keep it simple
Lets focus on Hourly, will it hold or will it failed. last action on hourly is a buy on Thursday's low, until that failed will I say last hope for the bulls is recent low. for now I am still leaning bullish and expected the recent high will be tested in coming week.
My take based on Multi time frames view. bottom finding steps : A. 1min. reversal pattern (checked) B. 5min. HH (checked) and C. next step is to focus on Hourly to see if the bottom will or will not sustain.
Note on a Daily on SPX , it triggered a buy the dip and MACD confirmed the buy is good, MACD histogram continues in an upward fashion. Good bottom sign unless the histogram bar closes lower then it will forewarn that the bottoming is weaken. keep it simple
Lets focus on Hourly, will it hold or will it failed. last action on hourly is a buy on Thursday's low, until that failed will I say last hope for the bulls is recent low. for now I am still leaning bullish and expected the recent high will be tested in coming week.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
- Posts: 29574
- Joined: Tue Feb 22, 2011 3:47 pm
Re: 10/20/2018 Weekend Update
Investors BUY Lo Sell Hi
Traders Buy Hi Sell Hi-er and Sell Lo Cover Lo-er
Day traders: Each day is random don't look back only look forward on chart.
who am I?
Traders Buy Hi Sell Hi-er and Sell Lo Cover Lo-er
Day traders: Each day is random don't look back only look forward on chart.
who am I?
My comments are for entertainment/educational purpose only. NOT a trade advice.
Re: 10/20/2018 Weekend Update
https://www.zerohedge.com/news/2018-10- ... ame-humans
Warren Buffett made his fortune by buying low and selling high,
Omega Advisors founder Leon Cooperman told Reuters "Machines buy strength and sell weakness and aggravate the moves.
When there’s $1 trillion in mitigating the downside, there’s a good argument to be made that it actually creates more downside because now they’re all selling at the same time,
said David Lafferty, chief market strategist at Natixis Investment Managers.
Warren Buffett made his fortune by buying low and selling high,
Omega Advisors founder Leon Cooperman told Reuters "Machines buy strength and sell weakness and aggravate the moves.
When there’s $1 trillion in mitigating the downside, there’s a good argument to be made that it actually creates more downside because now they’re all selling at the same time,
said David Lafferty, chief market strategist at Natixis Investment Managers.