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Hi boss: What does "IT" mean?te_fern wrote:Thanks for the Links, Pasta Boss! Not looking good for the IT. Will be thinking about selling my main mutual fund,on the expected bounce, to wait for a better entry point.
Al_Dente wrote:Another chart from the vault.
This is a DAILY chart of the 1987 crash.
Note that two days before the crash, Thursday October 15, SPX closed just a hair under the 200sma (red box).
The day before the crash, Friday October 16, SPX was well below 200sma and the RSI was already in EXTREME OVERSOLD territory
and ripe for a bounce.
On CRASH DAY, Monday October 19, SPX GAPPED down more than -20% and the rest was history.
Many lessons to be found here, two are: 1) EXTREME OVERSOLD RSI does not guarantee a bounce, and 2) Intraday only with no overnight holds, as BrassBalls52x trades, sounds compelling after pondering this chart ….
yes Harapa, i was trying to recoup some premium on intraday weekly call options and missed the 1.00% rally that exploded ten seconds after cash closing bell Friday.Harapa wrote:Yesterday ES gained 100+ points past 3:45 EST
PPG at work...tonight, futures will confirm or refute...tim-follows wrote: Anyone know who was buying , or trying to paint a picture, or setting up for Sunday night intervention?
weekend forex brokers puts dow down 2% as USA concedes first corona fatality https://www.ig.com/en/indices/markets-i ... all-streetHarapa wrote:PPG at work...tonight, futures will confirm or refute...tim-follows wrote: Anyone know who was buying , or trying to paint a picture, or setting up for Sunday night intervention?