lunch time, will be back. again this rebound may have legs. bears only have 50% chances here. (normally, bears should have 60% chances, but nowadays, I'd rather give bulls more credit.)
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Cobra wrote:lunch time, will be back. again this rebound may have legs. bears only have 50% chances here. (normally, bears should have 60% chances, but nowadays, I'd rather give bulls more credit.)
This bounce would fail if the bears would just get off their arse and start shorting more AND NOT COVERING thank you
Note volume panel underneath price……….we need some selling volume up in here please …….
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
TraderGirl wrote:Btw, last week, I alerted members that we could see a bounce at the support line...anyone who bot there could have sold their position this morning for a 9.5% profit....
TG, This is the XIV chart, but you showed it with previous bounces and failing at similar previous attempts which is why I thought you were saying to hold onto XIV shorts (or VXX).
Well since it has got back to my break even I wondered whether to hold VXX or BTBD!?
Jman, I think it's possible to see a low of some kind on the 27th with possible bounce in between....please don't get upset if I am wrong...but you should decide for yourself whether to take your position off the table or take the risk that it will be profitable by the 27th...it's your call....
Thanks TG, I agree that right now it is a 50/50 bet on green or red and it could go either way so I will go to cash and will watch for setups. Thanks again and sorry for misunderstanding.
My comments were dictated to me by homie the clown
Btw, did anyone else take this trade when I pointed out the bearish ascending wedge in SOX? I did (SOXS)....I took my profits when I saw SPY and DOW at support...
Cobra wrote:lunch time, will be back. again this rebound may have legs. bears only have 50% chances here. (normally, bears should have 60% chances, but nowadays, I'd rather give bulls more credit.)
Mr Bond consolidating at 143 is bearish....cancel yr lunch or u will miss the train.....lol
TWT wrote:$SPX: Without an inpulsive decline price will not resume the down trend
Agree.....also in the morning 1500 more advancers than decliners, now 700 more decliners that advancers, so likely a heavy down day and follow through chances tomorrow....let see....