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off the record, maybe the entire pullback was over, THE low was in. Let's see. Why? I've seen this pattern several times: down and down, no panic, the last day down in the morning very scary then simply reversed without any reason. today so far looks like the case.
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100% mm reached so the up momentum still is strong therefore might be another leg up after the pullback.
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We won’t know until the close if the VIX will give its famous BUY signal (by closing below its upper bolinger). Such signal reportedly has an 81% success rate.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Bulls want folks to quit making lower lows
Bulls need a higher low
Otherwise this is just a rally up to the pink-declining-moving-averages, resistance
.... then we'll re-evaluate...
60min
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Cobra wrote:off the record, maybe the entire pullback was over, THE low was in. Let's see. Why? I've seen this pattern several times: down and down, no panic, the last day down in the morning very scary then simply reversed without any reason. today so far looks like the case.
"THE low " - for today?
Educational only and not trading advice (EO&NTA) Good trading to all
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Cobra wrote:off the record, maybe the entire pullback was over, THE low was in. Let's see. Why? I've seen this pattern several times: down and down, no panic, the last day down in the morning very scary then simply reversed without any reason. today so far looks like the case.
"THE low " - for today?
Not today, the low for the whole pullback was in. I know this sounds ridiculous but really I saw this kind of things happened several times. Let's see.
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