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The end of the US stock market is nearing

  • #781
  • Edited 1:34pm Jan 29, 2020 1:19pm | Edited 1:34pm
Quoting MamounDeb
{quote} True. Corona makes it hard to have a safe stop loss. I think the situation is dangerous.

yep... seems quite plausible... Chinese exchanges got shut down... right fundamentals always appear in timely manner to support technical picture...
  • #782
  • Jan 30, 2020 1:55am Jan 30, 2020 1:55am
where are all the bears and bulls? i miss the debates, banter and comments between the bears and bulls! This market is about to get going...
  • #783
  • Jan 30, 2020 2:12am Jan 30, 2020 2:12am
this is it... new low of the year on NIKKEI... US stocks will follow today... a huge trouble has begun officially...
  • #784
  • Jan 30, 2020 2:23am Jan 30, 2020 2:23am
Quoting Igrok
this is it... new low of the year on NIKKEI... US stocks will follow today... a huge trouble has begun officially...
do you have short positions already or in the process of building short positions?
  • #785
  • Jan 30, 2020 2:30am Jan 30, 2020 2:30am
Quoting Forex.RayV1
where are all the bears and bulls? i miss the debates, banter and comments between the bears and bulls! This market is about to get going...


there is nothing to discuss... everything is obvious and quite in line with the main concept and the title of the thread...
  • #786
  • Edited 2:51am Jan 30, 2020 2:32am | Edited 2:51am
Quoting Forex.RayV1
{quote} do you have short positions already or in the process of building short positions?
why not?... yesterday it was a great opportunity to short all the stock indices on the retracement... quite obvious indeed... we have even recorded a video in our TV studio about it yesterday...
  • #787
  • Jan 30, 2020 3:05am Jan 30, 2020 3:05am
Quoting Igrok
{quote} why not?... yesterday it was a great opportunity to short all the stock indices on the retracement... quite obvious indeed... we have even recorded a video in our TV studio about it yesterday...
Is it too late to join the shorts or start to build short positions?
  • #788
  • Edited 4:48am Jan 30, 2020 3:10am | Edited 4:48am
Quoting Forex.RayV1
{quote} Is it too late to join the shorts or start to build short positions?
reliable stops at this point can only be placed above current tops of the year on those indices that have changed MMY... other than that I cannot recommend anything...
  • #789
  • Jan 30, 2020 4:56am Jan 30, 2020 4:56am
Looks like a lovely big M on the daily's
  • #790
  • Jan 30, 2020 5:05am Jan 30, 2020 5:05am
on another note Igor, in relation to the changed MMY, do you include oil us oil in that as well as the aussie ? do you think the FTSA china A50 will find support ?
  • #791
  • Jan 30, 2020 5:41am Jan 30, 2020 5:41am
Unfortunately any one who tries to short this is going to lose a lot of money, the daily uptrend is still fully intact and the current correction is about to end soon, i would start positioning long where possible
Follow The Markets Structure - Patience and Discipline
  • #792
  • Jan 30, 2020 8:57am Jan 30, 2020 8:57am
Quoting pipfarm
Unfortunately any one who tries to short this is going to lose a lot of money, the daily uptrend is still fully intact and the current correction is about to end soon, i would start positioning long where possible

Dow Jones already started its move up after the correction, key level to reach and break for confirmation will be around 28933
Follow The Markets Structure - Patience and Discipline
  • #793
  • Jan 30, 2020 12:09pm Jan 30, 2020 12:09pm
Quoting timingchain
Fundamental issues include the massive, unprecedented global debt levels. When defaults begin, a cascade effect could develop with the potential to drive interest rates back to highs of the 1980s & 1990s. Until then, interest rates must be kept near zero to keep governments and major corporations from default. The NQ could drop 80% or more in a crash similar to 2000-2001 crash.
that is the fact for sure. It will start in Germany then move to japan then the United states. This is going to be the biggest crash of our lifetime.
  • #794
  • Jan 30, 2020 1:25pm Jan 30, 2020 1:25pm
Looking at my charts, I think there is a possibility of some more downward movement, but I think that will be halted at just below the 28000 level for the DJIA, assuming it even gets that low. I believe we will see a move back up after the impeachment trial is over, if it is over soon.
  • #795
  • Edited 3:08pm Jan 30, 2020 2:12pm | Edited 3:08pm
A 1000 pip drop is not the end of the world (ignore the 300 in the photo)
Look at my chart how many other corrections have we had of similar or greater magnitude, did the world end, did the stock market crash?

Attached Image (click to enlarge)
Click to Enlarge Name: US30Daily.png Size: 34 KB
Follow The Markets Structure - Patience and Discipline
  • #796
  • Jan 30, 2020 2:18pm Jan 30, 2020 2:18pm
A retest of previous support , not the end of the world

Attached Image (click to enlarge)
Click to Enlarge Name: US30H4.png Size: 32 KB
Follow The Markets Structure - Patience and Discipline
  • #797
  • Jan 30, 2020 3:17pm Jan 30, 2020 3:17pm
Quoting moneymaker2
Looking at my charts, I think there is a possibility of some more downward movement, but I think that will be halted at just below the 28000 level for the DJIA, assuming it even gets that low. I believe we will see a move back up after the impeachment trial is over, if it is over soon.
it doesn't matter how far the markets will be the moving down or up at this stage... what really matters is the change of the MMY... so far american major indices have been able to keep themselves above that critical level... though in Asia NIKKEI 225, Hang Seng and some others already dropped lower... therefore for those every rally should be viewed as a selling opportunity, while for the Dow, Nasdaq and S&P I would recommend more cautious approach...
  • #798
  • Jan 30, 2020 3:19pm Jan 30, 2020 3:19pm
Look at the high time frames, it would be strange if it didn't retrace.
  • #799
  • Jan 30, 2020 3:51pm Jan 30, 2020 3:51pm
I think the key is to just have a strategy to take advantage of major market movements, regardless of it being up or down. When the market drops, I make money faster that when it goes up, because FEAR is much more powerful than GREED, so it always drops faster than it rises. That's why we've seen weeks where the DJIA has ranged 2000+ points going down and you don't see that going up, hence the market "climbs" higher but "falls" lower.

Don't panic, just get a strategy......
  • #800
  • Jan 30, 2020 11:09pm Jan 30, 2020 11:09pm
Quoting pipfarm
A 1000 pip drop is not the end of the world (ignore the 300 in the photo) Look at my chart how many other corrections have we had of similar or greater magnitude, did the world end, did the stock market crash? {image}
we're considering the situation on a much larger scale... I think your example is irrelevant to the matter in discussion...
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