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The end of the US stock market is nearing

  • #801
  • Jan 31, 2020 4:38am Jan 31, 2020 4:38am
Quoting Weil
Look at the high time frames, it would be strange if it didn't retrace.
right... but it's not a retracement... it's a depression...
  • #802
  • Jan 31, 2020 4:43am Jan 31, 2020 4:43am
seems like no one will be willing keep longs on US stocks over the w/e... the day and the week might end up with a huge sell-off... DAX is dropping fast...
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  • #803
  • Jan 31, 2020 4:50am Jan 31, 2020 4:50am
Igor any thoughts on the Stoxx 50 ? the monthly looks fairly in tune with a decline along the lines of the Asian indices you mentioned.
  • #804
  • Jan 31, 2020 4:55am Jan 31, 2020 4:55am
Quoting Edd111111
Igor any thoughts on the Stoxx 50 ? the monthly looks fairly in tune with a decline along the lines of the Asian indices you mentioned.
same thing I guess...
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  • #805
  • Jan 31, 2020 5:03am Jan 31, 2020 5:03am
Yes is it a downward leg in an up trend ? as apposed to a retrace (diamond style) or worse still a capitulation ?
  • #806
  • Jan 31, 2020 5:05am Jan 31, 2020 5:05am
Quoting Edd111111
Yes is it a downward leg in an up trend ? as apposed to a retrace (diamond style) or worse still a capitulation ?
there was and is no diamond... different picture... doesn't mean anything though... will follow all the others...
  • #807
  • Jan 31, 2020 5:15am Jan 31, 2020 5:15am
Are you also looking at gold at this time in respect to the market situations and what it may mean ?
  • #808
  • Edited 6:34am Jan 31, 2020 6:23am | Edited 6:34am
Quoting Igrok
{quote} we're considering the situation on a much larger scale... I think your example is irrelevant to the matter in discussion...

Are you talking scale, time and price wise or fundamentally?

Either way there is no crash imminent, your synopsis is totally irrelevant to the current market conditions and seems to be driven by irrational thinking.

Either way im not foolish enough to totally dismiss a market crash as we all know they do happen, know one , not even you can predict it, no matter what you think.

Good day
Follow The Markets Structure - Patience and Discipline
  • #809
  • Jan 31, 2020 11:18am Jan 31, 2020 11:18am
Quoting Igrok
{quote} we're considering the situation on a much larger scale... I think your example is irrelevant to the matter in discussion...
But looking at the market big picture actually MAKES it relevant, right? Take the trend up from DJIA of 6500 to present....all of those months were made up of weeks of market movement, some up and some down, ranging from just a few points to 2000+. Every "decade" candle is made up of "yearly" candles, which is made up of monthly candles, which is made up of weekly candles, which is made up of daily candles, with the results of each an every one of them culminating to show the big picture.

Let's say that the market DOES go to 18000....it certainly won't go there in one trading period. and every day/week to get there will not all be negative. There will be periods in there for long trades, maybe only short-term, but there nonetheless, because oversold conditions occur in every large drop. It is those periods that swap between up and down that MAKEs it relevant to the big picture because support and resistance will be hit time and time again. If you do not have the ability to capitalize on anything other than an up trend, then you become just an investor and not a trader. And as you mentioned in one of your previous posts, the time of investors is over.

Looking at only the end results of 18000 without looking at the path to that destination is like driving from Miami to Seattle without a map...you can eventually get there, but you will miss out on a whole lot along the way...….

Just my 2 pips.....
  • #810
  • Jan 31, 2020 1:10pm Jan 31, 2020 1:10pm
Quoting moneymaker2
{quote} But looking at the market big picture actually MAKES it relevant, right? Take the trend up from DJIA of 6500 to present....all of those months were made up of weeks of market movement, some up and some down, ranging from just a few points to 2000+. Every "decade" candle is made up of "yearly" candles, which is made up of monthly candles, which is made up of weekly candles, which is made up of daily candles, with the results of each an every one of them culminating to show the big picture. Let's say that the market DOES go to 18000....it...
I already presented my longer-term view with a picture in this very thread in the very first post... nothing of any importance has changed since then to reconsider...
  • #811
  • Jan 31, 2020 1:35pm Jan 31, 2020 1:35pm
Have to agree. I am expecting something big in 2020. Markets will plummet. Likely Trump will be the cause.
There are no guarantees but it is my current bias.
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  • #812
  • Jan 31, 2020 1:40pm Jan 31, 2020 1:40pm
Quoting PeterE
Have to agree. I am expecting something big in 2020. Markets will plummet. Likely Trump will be the cause. There are no guarantees but it is my current bias. {image}
Trumps entire MO is to elevate the market and to remove any regulations that would prohibit that.

Earnings drive the US market right now. Nothing else.
  • #813
  • Jan 31, 2020 2:40pm Jan 31, 2020 2:40pm
lower red line is the immediate target and the magnet for the moment... break below it is also guaranteed,,, just a matter of time, which is impossible to predict accurately in advance...
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  • #814
  • Jan 31, 2020 11:36pm Jan 31, 2020 11:36pm
Quoting Igrok
lower red line is the immediate target and the magnet for the moment... break below it is also guaranteed,,, just a matter of time, which is impossible to predict accurately in advance... {image}
Thank y so much,
For Downjones, do y think the Market will gap down on next monday's opening...?
  • #815
  • Feb 1, 2020 2:55am Feb 1, 2020 2:55am
Things are really turning to shit in Australia you might want to look at this nugget of info for some serious gaps down https://www.brisbanetimes.com.au/national/travellers-from-china-to-be-banned-from-entering-australia-for-two-weeks-20200201-p53wvc.html

for me , of particular interest is the recovery rate .....
  • #816
  • Feb 1, 2020 3:37am Feb 1, 2020 3:37am
Igrok, hello. About lottery topic. Seems like Fantasy 5 comission removed the service of one-click download of past historiacal drawing statistic from official page. Don't you mind about couple of questions about lottery book here or somewhere on the web chats?
Path of Righteousness
  • #817
  • Feb 1, 2020 5:33am Feb 1, 2020 5:33am
Quoting anhsang38
{quote} Thank y so much, For Downjones, do y think the Market will gap down on next monday's opening...?
down around 200 pips

https://www.ig.com/en/weekend-trading
  • #818
  • Edited 9:46am Feb 1, 2020 9:09am | Edited 9:46am
Quoting moarty
Igrok, hello. About lottery topic. Seems like Fantasy 5 comission removed the service of one-click download of past historiacal drawing statistic from official page. Don't you mind about couple of questions about lottery book here or somewhere on the web chats?
I don't think it's appropriate here in this particular topic... though I guess you can open another one in the Members Lounge section and we can discuss it there... how do you like that?... just let me know in case you do that... BTW I have all the "Fantasy 5" statistics up to something like the draw #8630 (for sure) or perhaps even more than that...
  • #819
  • Feb 1, 2020 9:56am Feb 1, 2020 9:56am
Quoting Igrok
{quote} I don't think it's appropriate here in this particular topic... though I guess you can open another one in the Members Lounge section and we can discuss it there... how do you like that?... just let me know in case you do that... BTW I have all the "Fantasy 5" statistics up to something like the draw #8630 (for sure) or perhaps even more than that...
Okay, thank you much for reply.
Path of Righteousness
  • #820
  • Feb 1, 2020 10:08am Feb 1, 2020 10:08am
Quoting moarty
{quote} Okay, thank you much for reply.
welcome...
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