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aussiebear

World Stock Markets Trading Discussion - Soupy shakeup

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Not touching this until I see how it goes next week. I can imagine a couple of weeks of dumping going into the November election before the year end rally. I'm still seeing a lot of overpriced small caps.

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If they don't hold above 2771, false breakout, likely to trigger rapid devolution. 

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Pretty big fail here. Look for support around 2756. If that falls, then 2746. And if that fails, today will make the last 2 days look like a Sunday School picnic. 

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Internet bubble bursts techs go down 80%

Mortgage bubble bursts financials go down 80%

Everything bubble bursts .....

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12 minutes ago, DrStool said:

Pretty big fail here. Look for support around 2756. If that falls, then 2746. And if that fails, today will make the last 2 days look like a Sunday School picnic. 

We have reached the first potential support level. 

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14 minutes ago, DrStool said:

Pretty big fail here. Look for support around 2756. If that falls, then 2746. And if that fails, today will make the last 2 days look like a Sunday School picnic. 

What about 2728 and 2710 support

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1 minute ago, specie said:

What about 2728 and 2710 support

Let's see if 2756 breaks first. I suspect that if it goes, and 2746 goes, the abyss beckons. 

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Bulls will take charge if they can clear 2775. Bears in  charge below 2756. 

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39 minutes ago, DrStool said:

Bulls will take charge if they can clear 2775. Bears in  charge below 2756. 

Here we go loop de loop. 

 

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