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aussiebear

World Stock Markets Trading Discussion - Cancerous cascade

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Dow stocks slow to open. Unlike SPX it hasn't broken the low yet. 

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2 day cycle projection 2704 pretty much done. 

3 day cycle projection 2698, but it's early. Must allow for some flex on that. 

5 day, 2693

 

 

 

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7 minutes ago, DrStool said:

The October 11 low was 2710.50. They'll probably take it out and then bring it back. Crash will have to wait till this afternoon.  

Or several days.

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11 minutes ago, sandy beach said:

So called bellwether of the US Economy: CAT.

CAT.png

 

Looks  like no dead CAT bounce. 

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In other news the CDC this morning tells American's not the dress their chickens up for Halloween. What happened  to the the collective American IQ that we have to be told this by the CDC? Wow!

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I refuse to gloat. If I gloat, the market will have a rocket launch.

I'm actually kind of sad.  If this is the collapse, many of my friends and relatives are going to lose a lot of money. They're not traders. They're long term investors. Most are in their 60s and 70s. They ask what I think. I tell them. You should not be in the market. They're paying you to hold T-bills. Rates are going up. Just keep buying them and rolling them over. 

And then they ignore me. They'll ask me again after it's too late, and then I'll ignore them.  It's just sad.  

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34 minutes ago, DrStool said:

2 day cycle projection 2704 pretty much done. 

3 day cycle projection 2698, but it's early. Must allow for some flex on that. 

5 day, 2693

 

 

 

3 day met!

 

Huge breakdown in SEMI's.

SOXL.png

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