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aussiebear

World Stock Markets Trading Discussion - Resonating repercussions

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Next possible support zone 2520-2535. 

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Wall Street media calling this a "correction." 

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Wall Street media calling this a "correction." 

 

Both the NY Times and the Washington post had the word "correction" in their headlines online overnight. It's the official word. 

 

Damn, even TESLA has fallen to just below 300, the very week of Musk's greatest achievement. 

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OK. There were a couple of minor lows at 2545 or so, suggesting support there. Watch out if it breaks. 

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Both the NY Times and the Washington post had the word "correction" in their headlines online overnight. It's the official word. 

 

Damn, even TESLA has fallen to just below 300, the very week of Musk's greatest achievement. 

 

Putting a TESLA in space. 

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Say goodbye to the positive divergence on the 5 day cycle oscillator. It's about to be vaporized.  

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2 day cycle up projection 2572-75

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I guess this is one time when it would pay to know where the 200 day SMA is. I use alternative measures so I don't know.  :huh:

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These swings are fun.  LOL 

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3 day cycle joins to the upside. 

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OK. It's apparently. 2,538.95

 

If you can believe the mainstream media. 

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Resistance 2600-10

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That's some serious buying power.

 

Very thin, illiquid market with big spreads. Similar to 08. Dealers can't maintain orderly markets. They just don't have the cash.  And the scary part is that it's gonna get worse.  There will be big swings intraday, but the trend is down. 

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