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tonghu wrote:happy hour starts early today
More than fangdaytradingES wrote:Does someone have a symbol for the "FANG index"
https://www.zerohedge.com/sites/default ... -29-27.jpg
I apologize. I chart by hand. I'm an old guy. Been trading since the early 80's. I am computer handicapped. However, I believe 2717 was the apex of the D wave of the Descending triagle. Triangles move in an 3 waves. We are in the middle of the 1st wave down. I expect a significant B wave up (shorting opportunity), followed by a final C wave down completing the Triangle. I wouldn't be surprised if some bad news accompanies the E wave down.QED wrote:crawford glissadevil, can you post a chart? If so, thanks!crawford glissadevil wrote:Bias down for a few days.
Just completed "B wave flat" up, of (A (ABC ) wave down )of larger E wave in the Triangle which as been unfolding since the ATH' . Now, about to go into a C wave down followed by one wave UP (B of ABC of E Triangle) then a final (C of ABC of E Triangle) push toward the Feb and April lows.
In three weeks all those words will be forgotten.Trades with cats wrote:Blame CAT? How about blaming the Apple supply chain and what we are learning about Zuckerberg lying again to Congress. Today we learn stolen stuff is still advertised on his service and the Cambridge expert is crying fowl saying they are trying to scapegoat him when there is a ton of other apps out there that do the same thing. I think today was the Bridgewater type funds reacting to stock and bond prices.