DrStool Posted March 13, 2020 Report Share Posted March 13, 2020 US500 Chart by TradingView Link to comment Share on other sites More sharing options...
Jorma Posted March 13, 2020 Report Share Posted March 13, 2020 Nah, It's Happy Days are here again. I won't provide a link. Link to comment Share on other sites More sharing options...
fxfox Posted March 13, 2020 Report Share Posted March 13, 2020 Doc posts Mahler's funeral march? OMG, this is worse than I thought. This does not mean that A low is in, no, it is THE low. Damn it! Link to comment Share on other sites More sharing options...
fxfox Posted March 13, 2020 Report Share Posted March 13, 2020 S&P 500 monthly Blue is linear fibo Red is log fibo THE low at 2450 doesn't make sense to me. At 2030 ok, but more sense at 1800 (likely) or 1500 (outside chance), but again 2450 is a "non-level" there is nothing there. Fugazi. Link to comment Share on other sites More sharing options...
fxfox Posted March 13, 2020 Report Share Posted March 13, 2020 Link to comment Share on other sites More sharing options...
fxfox Posted March 13, 2020 Report Share Posted March 13, 2020 German government just said credit will be given to every firm/company without ANY limits. Link to comment Share on other sites More sharing options...
Jorma Posted March 13, 2020 Report Share Posted March 13, 2020 4 minutes ago, fxfox said: German government just said credit will be given to every firm/company without ANY limits. How does that work. Order banks to approve all loans? Link to comment Share on other sites More sharing options...
fxfox Posted March 13, 2020 Report Share Posted March 13, 2020 1 minute ago, Jorma said: How does that work. Order banks to approve all loans? That I ask myself too. I don't know yet. Link to comment Share on other sites More sharing options...
Jorma Posted March 13, 2020 Report Share Posted March 13, 2020 What's the deal. I've got what looks like a trading halt on S&P? I see. Futures hit limit 5% ZN struggling. Link to comment Share on other sites More sharing options...
fxfox Posted March 13, 2020 Report Share Posted March 13, 2020 Yes, S&P Future lock limit up. 5% criteria hit. Link to comment Share on other sites More sharing options...
fxfox Posted March 13, 2020 Report Share Posted March 13, 2020 My goodness, they are firing the full arsenal. It seems like even more than in 2008/09. Link to comment Share on other sites More sharing options...
fxfox Posted March 13, 2020 Report Share Posted March 13, 2020 Gonna hit 3000 early next week. Link to comment Share on other sites More sharing options...
fxfox Posted March 13, 2020 Report Share Posted March 13, 2020 DAX just did hit 10k, up 10% from yest low. Link to comment Share on other sites More sharing options...
PullMyFinger Posted March 13, 2020 Report Share Posted March 13, 2020 1 hour ago, fxfox said: S&P 500 monthly Blue is linear fibo Red is log fibo THE low at 2450 doesn't make sense to me. At 2030 ok, but more sense at 1800 (likely) or 1500 (outside chance), but again 2450 is a "non-level" there is nothing there. Fugazi. Speaking of fibos, just playing around with some numbers this morning. It's still kind of early here and haven't double-checked my math, but noticed this: from October 3, 2018 intraday high to "the" December 26, 2018 low, the Dow declined 5239 points. So far from Feb 19 to March 12, the Dow has declined 8414 points. 5239 x 1.618 = 8476 points, a difference of only 62 points. The Dow has also nearly touched the 377 week EMA as of yesterday's close, I think something like 150 points short of it. Last touch or close below 377 weekly was in 2011. But to be fair it tore through the 144 and 233 levels this week like they weren't even there. S&P is a little different. Using the same dates as above, S&P declined 593 points on that last leg down in 2018. Since Feb 19 the S&P has declined 915 points. 1.618 x 593 = 959 points, a difference of 45 points. So, Dow is within 1% of 1.618 vs. the prior decline, but S&P is within about 5% thus far. There are probably a million other contrary reasons why the market won't or can't bounce a bit from here, I don't know. But I wouldn't be shocked at some type of decent bounce from at or near yesterday's levels, especially given the level of panic the last couple of days. Either way we are in for a few interesting days ahead, methinks. Link to comment Share on other sites More sharing options...
DrStool Posted March 13, 2020 Author Report Share Posted March 13, 2020 Friday the Thirteenth and the Roof Is On Fire by Lee Adler • March 13, 2020 • 0 Comments As fast as they have come down, they have gone up twice as fast overnight. Here’s what it means for today. Link to comment Share on other sites More sharing options...
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