Hanging in there:
Hanging in there:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I guess this is an overreaction to virus news in South Korea. I'm not going to sell this news because we are entering the oversold area. I can do this because i'm only half in and I think it will return into my new channel:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I was right until this afternoon
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Yes I be changing my channels a little more often this year. I'm trying to be a little more fluid with the shorter terms to figure when to use my two monthly IFT's. Trying this on my own so there my be more mistakes. The blue line has a 60/40 chance of being a short term bottom and being only half in I can hold for my 18 day:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Fear seems to be increasing. At least we're getting some topping tails as we enter overbought territory:
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
I have until Friday to decide to make a move.
Don't bias your charts. Show support and resistance. My comments and charts are not trading recommendations.
Some of the talking heads on CNBC are now saying expect drops in the 20-25% range over the next month. Some of these were the same ones who blew off the virus as a non factor for the markets just a few weeks ago. I wonder who gives them their script?
Regardless, caution is warranted
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