The Intraday US Stock Market Discussion Board
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Would this down leg not continue into tomorrow morning, after the rest of the world digests "the rest of the story?"wayne0708 wrote:from recent low to today high is 50% swing. Maybe just a small consolidation to 50% retracement then up it goes again. Just throwing it out there as rarely this leg is one legged up. Just saying...
I'm still short. I would be surprised if tomorrow we just shrugged it off and kept talking about housing and tapering.ALdaytrade wrote:Would this down leg not continue into tomorrow morning, after the rest of the world digests "the rest of the story?"wayne0708 wrote:from recent low to today high is 50% swing. Maybe just a small consolidation to 50% retracement then up it goes again. Just throwing it out there as rarely this leg is one legged up. Just saying...
CNBC: "Bill Ackman's Pershing Square sells entire JCPenney stake!"Out of Bounds wrote:Wow.MrMiyagi wrote:Ackman dumped his JCP holdings.
Yep, that's what it looks like.ALdaytrade wrote:CNBC: "Bill Ackman's Pershing Square sells entire JCPenney stake!"Out of Bounds wrote:Wow.MrMiyagi wrote:Ackman dumped his JCP holdings.
CNBC: Now just announced that Pershing Square "intends" to sell!
I guess they announce things without confirming the story...
Just know that price cant maintain going straight up forever. so there will be a period of retracement. on hourly retracement is needed and healthy before resuming up trend.ALdaytrade wrote:Would this down leg not continue into tomorrow morning, after the rest of the world digests "the rest of the story?"wayne0708 wrote:from recent low to today high is 50% swing. Maybe just a small consolidation to 50% retracement then up it goes again. Just throwing it out there as rarely this leg is one legged up. Just saying...
At least they didn't connect the intent to sell to Steve Balmer's availability as CEO...ALdaytrade wrote:CNBC: "Bill Ackman's Pershing Square sells entire JCPenney stake!"Out of Bounds wrote:Wow.MrMiyagi wrote:Ackman dumped his JCP holdings.
CNBC: Now just announced that Pershing Square "intends" to sell!
I guess they announce things without confirming the story...
Do we have to guess what your favourite ema is? My guess is 75 ema...jademann wrote:Holding 100% UVXY tonight. The VIX bounced off my favorite ema and it is pointing at 17 in 2 days.
Interesting. Thanks!fehro wrote:I'd be careful with AAPL. I would not be surprised to see a gap break the neckline. Which may cause a 2nd wave of selling.
