DrStool Posted November 29, 2021 Report Share Posted November 29, 2021 Yes, the market has made a U turn. What should we expect? Meanwhile, I'm on the road again, driving a rental car this time, so will make this short. I'll check back in about 3 hours. They've broken the downtrend channel and this little base breakout measures to around 4700. Later! Link to comment Share on other sites More sharing options...
PullMyFinger Posted November 29, 2021 Report Share Posted November 29, 2021 60M NQ. I had mentioned last week that if NQ did not stop its decline from 11/22 at 625 points, the next levels I would look for were 781 points (625 + 156), and 937 (625 + 156 + 156) points in an extreme case. I was away from my keyboard on Friday. So, to celebrate, the NQ bottomed on Friday at a 779 point decline, just 2 points from 781. I should have known not to take a day off. Would have been a decent entry at say, 16,000 or a bit above with a stop just below the low at 15,988. Kind of thinking we could rally overall into next week with some bumps along the way. Maybe even double top or nominal new highs by next week or week after, but I might sit the week out and go to the beach instead since I have missed the first 350+ points. C'est la vie. I kinda think volatility is going to be with us for next few months through Q1 2022, so there will be plenty of opportunities to make (and lose) money. Trade safe! Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2021 Author Report Share Posted November 29, 2021 Quickie update. 2-3 day cycle projection 4702. Joke. Seriously. 🤑🤮 Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2021 Author Report Share Posted November 29, 2021 Link to comment Share on other sites More sharing options...
Jorma Posted November 29, 2021 Report Share Posted November 29, 2021 “But as long as the music is playing, you’ve got to get up and dance.” Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2021 Author Report Share Posted November 29, 2021 The minor uptrend held on the hourly despite that little dumpster dive at the bell. It was just the dealers out to pick up some trash to resell. Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2021 Author Report Share Posted November 29, 2021 This is funny. Link to comment Share on other sites More sharing options...
Jimi Posted November 30, 2021 Report Share Posted November 30, 2021 Bit of hurt in the overnight Link to comment Share on other sites More sharing options...
Jimbo Posted November 30, 2021 Report Share Posted November 30, 2021 ROBINHOOD REDUX Now at 27 ....7 below the IPO On the way to zero Link to comment Share on other sites More sharing options...
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