rebound right into the close 5 days in a row? I doubt it.
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DellGriffith wrote:closed my runner. didnt get too much on it but its ok. looks like a correction at this point. looks like the start of a correction. usually they last at least two weeks.
It appears like a correction alright Dell. Just lost the bottom of the fork so it's looking pretty bearish at this point.
DellGriffith wrote:closed my runner. didnt get too much on it but its ok. looks like a correction at this point. looks like the start of a correction. usually they last at least two weeks.
It appears like a correction alright Dell. Just lost the bottom of the fork so it's looking pretty bearish at this point.
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Sentiment is nowhere near as high as major tops in 2007 and 2010/2011. The problem is that every time we get a little pullback, people start to question once again "is this time different?" or "is this the start of something bigger?" Then they dump their stocks or get short. Only when they STOP questioning will be it time to call for a major correction.
Aggressively buying dips over the next few weeks.
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Last edited by cletus on Fri Mar 06, 2015 4:54 pm, edited 1 time in total.
well, guess that's it for today. Monday has been just a little little little little bear friendly. thank you guys, I'll see you in another thread soon.
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cletus wrote:Sentiment is nowhere near as high as major tops in 2007 and 2010/2011. The problem is that every time we get a little pullback, people start to question once again "is this time different?" or "is this the start of something bigger?" Then they dump their stocks or get short. Only when they STOP questioning will be it time to call for a major correction.
Aggressively buying dips over the next few weeks.
Who is calling for a "major correction" ?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
DellGriffith wrote:closed my runner. didnt get too much on it but its ok. looks like a correction at this point. looks like the start of a correction. usually they last at least two weeks.
It appears like a correction alright Dell. Just lost the bottom of the fork so it's looking pretty bearish at this point.
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I have redrawn it now.
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Went to lower fork before weekly shorts covered for weekend.