Oh the humanity! Who makes adult diapers?
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Hi Amoeba, That 2700 area on SPX looks like a longtime support level. See the lows in October and November 2018, plus temporary lull in late January 2019, that hit around 2625. Plus a couple of uptrend price pauses in November near 2700 , plus a few more support tests in February, March and May 2019 (2728.81)---don't have drawn line for this but it falls right between the two marked pink lines..right at 2728.81..
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Last edited by DreamboatAnnie; 03-11-2020 at 08:45 PM.
Don't take my comments as trading advice /IFT: 4-1-24=100G/https://www.theepochtimes.com/ & http://www.ewg.org/PermaCharts@p430#5159/strategy#4918p.410
Oh the humanity! Who makes adult diapers?
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Well now, that 'Depends'! Sent from my moto z3 using TSP Talk Forums mobile app
You may want to just glance at the weekly for DJIA and the S&P, especially if futures turn to reality. There's decent support where you say, but if it cracks we could be heading back to 2016 (the year) support levels. A lot of earnings still to be reported but the positive imo will be wiped out with the next couple quarterly outlooks. Seems the bear is in the house but the bulls will be scooping up these discounts. Measure your risk for sure. I just put 5% each C S & I Tuesday COB, the rest is in G. I feel comfortable letting that ride the wave until we prove a bottom.
That's just my gut talking not my brain. My brain wants to see a decent bounce!!!
Good luck out there! Really do appreciate everyone's perspectives.
Since I was right on the $ in my prediction of this collapse, well maybe 1 day off...limit down futures, circuit breaker at the open...let's try to predict what's next. RU ready? Amoeba speaks:
Total confusion on a global scale. Another circuit breaker 7% today, and then a third a fourth tomorrow - that's right - 27% down the tubes in two business days.
The virus is everywhere. The travel ban hurts. USA has no discipline to socially isolate.
All of this will actually pass relatively soon, but not immediately. About a year.
Well shoot me...futures flipped positive with media focus on massive FED liquidity and sharp reduction in new corona cases in China, suggesting the contagion cycle is short and contained there. But there is still an oil price and production war. Personally, I did buy some equities privately, ADBE which reported a beats AH today, and HOV, which lost 60% the last 2 days. A Friday bounce of sorts? Will it last the full session? Time will tell.
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Don’t bank on anything. Remember, today is now Friday the 13th.
Anything can happen!
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Cashed out 15 min before the close. A little hot at the end. Actually sense a dip Monday...may use an IFT then. Still hovering down 1+% for the year. Want it back soon.
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Hysteria is really getting high over this weekend, additional States reporting first cases via forein National (Alaska), food service and leisure screeching to a halt, no one anywhere except grocery and drug stores...hoarding out of control. This appears to beyond anyone's intervention...unless it's to suspend the world fiscal system for the 2 weeks it will take for new case#'s to peak. There is potential WWIII level FUBAR. I remain out.
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Hope ya get a full belly off your nibble; still very volatile, so if you get a big UP-day & time the bale then, you may get something positive. I was thinking of a little bite, tho I think too much risk still, havent' hit bottom yet; FED has used its biggest shot, Schools, bars, most everything's just now shutting down so the economic impacts aren't really known nor digested yet I think. Staying safe in 100% G now after selling my 26% F on Friday. My wife was buy-n-hold L2030 until about 2-weeks ago when I convinced her to go to 100% G - glad for that. Be nimble Ameoba!
Well, there are a few others I suspect that waded deeper, but if I can nick a few tenths of a percent off my losses, which aren't too bad, I'll feel better. It's really a shame...the political hysteria over this. Yes, there is a new virus, it is contagious, has a higher complication and death rate than prior incidences. But over and done with in 2 months or less. The economic damage, in this case, could be larger and longer lasting. Or perhaps not so much. The next few weeks will be telling.
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