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Carpe diem: Intraday tactics for Dax and Dow

  • #47,281
  • Feb 27, 2020 2:46pm Feb 27, 2020 2:46pm
Quoting darko2010
{quote} About that sofa...
Tbh I’m slightly gobsmacked at some of the positions people have been taking with views of making new highs...

this is going sub 20k
Que Sera
  • #47,282
  • Feb 27, 2020 2:51pm Feb 27, 2020 2:51pm
Quoting Catempire
{quote} Tbh I’m slightly gobsmacked at some of the positions people have been taking with views of making new highs... this is going sub 20k
lets do 1 k at a time.. ok?
It's in fear when people show what they truly value.
  • #47,283
  • Feb 27, 2020 2:53pm Feb 27, 2020 2:53pm
Quoting ensale
{quote} lets do 1 k at a time.. ok?
You can do whatever you like mate.
Que Sera
  • #47,284
  • Feb 27, 2020 2:53pm Feb 27, 2020 2:53pm
Quoting Catempire
{quote} You can do whatever you like mate.
humour me.
It's in fear when people show what they truly value.
  • #47,285
  • Feb 27, 2020 2:55pm Feb 27, 2020 2:55pm
Quoting Catempire
{quote} Tbh I’m slightly gobsmacked at some of the positions people have been taking with views of making new highs... this is going sub 20k
Darko it strikes me as people have got so used to it going up, they’re adamant it’ll bounce & forget to look at the weekly and monthly candles & most of all the fuck off big elephant hanging over the market.

perspective is integral in this game.

hope you didn’t take to large a hit.
Que Sera
  • #47,286
  • Feb 27, 2020 2:58pm Feb 27, 2020 2:58pm
Quoting Catempire
{quote} You can do whatever you like mate.
we had an almost 1k bounce today.. to get to below 20k.. we will have decent 1k pullbacks.. hence my comment.
It's in fear when people show what they truly value.
  • #47,287
  • Feb 27, 2020 2:58pm Feb 27, 2020 2:58pm
Quoting ensale
{quote} humour me.
Ok.

26k broke.... wonder if trump will be along in a minute to tweet about his flute in the hope it’ll rise.

Que Sera
  • #47,288
  • Feb 27, 2020 3:01pm Feb 27, 2020 3:01pm
Quoting Catempire
{quote} Ok. 26k broke.... wonder if trump will be along in a minute to tweet about his flute in the hope it’ll rise.
did you see how sheepish he looked behind pence yesterday.. ? like a licckle boy
It's in fear when people show what they truly value.
  • #47,289
  • Feb 27, 2020 3:07pm Feb 27, 2020 3:07pm
Quoting ensale
{quote} we had an almost 1k bounce today.. to get to below 20k.. we will have decent 1k pullbacks.. hence my comment.
I do get what you’re saying. I’m just eyeing up the 14k that’s becoming ever more apparent.

aye mr market knows he’s full of shit mate, no doubt.

this baby is well and truly being walked down tho, he’ll of a lot of selling going on.

gunna be some bounce when it happens & the ride back up could be equally as impressive.

good to be ahead of the curve
Que Sera
  • #47,290
  • Feb 27, 2020 3:09pm Feb 27, 2020 3:09pm
its crashing right this moment ...

be ready for hard landing ...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #47,291
  • Feb 27, 2020 3:09pm Feb 27, 2020 3:09pm
Quoting Catempire
{quote} I do get what you’re saying. I’m just eyeing up the 14k that’s becoming ever more apparent. aye mr market knows he’s full of shit mate, no doubt. this baby is well and truly being walked down tho, he’ll of a lot of selling going on. gunna be some bounce when it happens & the ride back up could be equally as impressive. good to be ahead of the curve
well done.. you. earned a lot of respect..
It's in fear when people show what they truly value.
  • #47,292
  • Feb 27, 2020 3:19pm Feb 27, 2020 3:19pm
Quoting ensale
{quote} well done.. you. earned a lot of respect..
this fall is dramatic.. 500 in less time then most can go toilet after a big meal
It's in fear when people show what they truly value.
  • #47,293
  • Feb 27, 2020 3:21pm Feb 27, 2020 3:21pm
16%. I’m on cloud 9.
  • #47,294
  • Feb 27, 2020 3:21pm Feb 27, 2020 3:21pm
50% reached on fib retracement. Dow likes 76.4 procent..

Lets see.
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  • #47,295
  • Feb 27, 2020 3:25pm Feb 27, 2020 3:25pm
Anyway, in 2018 when markets dropped 20% that so called number for bearmarkets, everybody was screaming bearmarket, but it turned and newer looked back, and me trying to short it all the way back where it came from.

That was an expensive lesson and buy the dip is the name of the game when it comes to stocks.

Back then it took 3 months to come down 20%, this time maybe different as this goes fast!! but in the long term you win going long indicies.

Cheers
  • #47,296
  • Feb 27, 2020 3:43pm Feb 27, 2020 3:43pm
Quoting fxdk
Anyway, in 2018 when markets dropped 20% that so called number for bearmarkets, everybody was screaming bearmarket, but it turned and newer looked back, and me trying to short it all the way back where it came from. That was an expensive lesson and buy the dip is the name of the game when it comes to stocks. Back then it took 3 months to come down 20%, this time maybe different as this goes fast!! but in the long term you win going long indicies. Cheers
This is currently dropping at a rate faster than 2008, let alone 2018. Bearish volume has already surpassed 2018.

We are on the cusp of a bear market and it hasn’t shown even the slightest sign of exhaustion yet.

This is incredibly interesting.
  • #47,297
  • Feb 27, 2020 3:48pm Feb 27, 2020 3:48pm
Quoting Neogenesis
{quote} This is currently dropping at a rate faster than 2008, let alone 2018. Bearish volume has already surpassed 2018. We are on the cusp of a bear market and it hasn’t shown even the slightest sign of exhaustion yet. This is incredibly interesting.

Yes it is very interesting

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  • #47,298
  • Feb 27, 2020 3:55pm Feb 27, 2020 3:55pm
Quoting ensale
{quote} we had an almost 1k bounce today.. to get to below 20k.. we will have decent 1k pullbacks.. hence my comment.
Ensale. I think if you want to trade, look for reversals and just stick to the downtrend as it is well and truly being walked down.

tbh with you I’ve been debating it over and over and I just can’t see any possible positive for people to pile in and score a reversal....

helicopter money in Japan and the market still drops 1500 pips........

tells you all you need to know.

going forward, much will depend on how the virus spreads, but imo it could be a pretty interesting ride.
Que Sera
  • #47,299
  • Feb 27, 2020 3:57pm Feb 27, 2020 3:57pm
That was my target however I actually think a spike down much lower when the situation in the states gets worse. It is inevitable.
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Que Sera
  • #47,300
  • Feb 27, 2020 4:02pm Feb 27, 2020 4:02pm
Quoting Catempire
{quote} Ensale. I think if you want to trade, look for reversals and just stick to the downtrend as it is well and truly being walked down. tbh with you I’ve been debating it over and over and I just can’t see any possible positive for people to pile in and score a reversal.... helicopter money in Japan and the market still drops 1500 pips........ tells you all you need to know. going forward, much will depend on how the virus spreads, but imo it could be a pretty interesting ride.
as long market keep making new lows i will sell pullbacks.. once that stops working.. then obvious we need to change to buys.. watch gold for breakout next week as well..
It's in fear when people show what they truly value.
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