Thread: Whipsaw's Account Talk

So then you are thinking the weakness continues throughout this week? Support at 1980 maybe or are you thinking lower?

Originally Posted by ravensfan

So then you are thinking the weakness continues throughout this week? Support at 1980 maybe or are you thinking lower?

Burro is always thinking lower

that is not true. most of the time i am focused up top.

but this market? yes, straight to the bottom. like a rock.

The S&P 500 has been bouncing up against 2021 most of the day, critical resistance at the 200 DMA...

Charting a bearish technical shift in the stock market in Brexit aftermath - MarketWatch

Many jumped in on the AT yesterday, may be a good call...

If nothing earth shattering happens between now and Noon, will likely jump in; news and market reports look to support continued gains hopefully through Friday. If we're past the historical election year market, again historically strong gains could be seen through the end of the year.

“Anyone who believes that yesterday’s gains and the rise in [stock] futures this morning means that Thursday’s vote was simply a short-term shock to the market and nothing more are mistaken,” said James Meyer... Hmmmmmmm.... The article mentions a dead cat bounce, though it is vague and seems to refer to the British pound/sterling...

Pound gains; yen falls as markets resets after Brexit - MarketWatch

Holding position... :-/

Originally Posted by Whipsaw

“Anyone who believes that yesterday’s gains and the rise in [stock] futures this morning means that Thursday’s vote was simply a short-term shock to the market and nothing more are mistaken,” said James Meyer... Hmmmmmmm.... The article mentions a dead cat bounce, though it is vague and seems to refer to the British pound/sterling...

Pound gains; yen falls as markets resets after Brexit - MarketWatch

Apparently the dead cat hit a trampoline. Quite a bounce today. Let's see if it has legs. End of quarter window dressing for two more days, then what?

Legs

legs.jpg

MEOW!