Post by
Stockmoves1 on May 11, 2022 1:34pm
TA........
typically these plays bounce off 34-36 but it's sitting flat .. generally 34 always holds round1 and this is what I am watching.. If shorts pound it to 31 this will see 26 b4 summer is out at best... and no im not bashing and im not short nor long but it's rather crazy the power the MM has and in this market environment where cash is king and fear is high momentom is sapped... So I wait until it's too good to be true and I load... If we miss we miss.... what you do not want to see happen is this fail 31...
Comment by
wealth2015 on May 11, 2022 2:50pm
it feels to me that major markets are looking at some point in next few moths for big capitulation, could be great buying oportunity as that kind of sell off brings sharp drop before bounce, it happens every 6-10 years on average
Comment by
Stockmoves1 on May 12, 2022 10:30am
Stockwatch These plays were set for disaster when the market flagged on these plays 18mths ago and shorts came in by the droves. With the overall market in the dumpster I'm sitting on the sidelines and waiting for the market to capitualte... Looking at this chart tell me where support is??? luv to hear your thoughts
Comment by
Stockmoves1 on May 12, 2022 3:57pm
I will tell you now what you do not want to see is 25 fail.. that is a major pivot.... yes it will bounce off that arean to likely 31-34 but failing 25 and you are looking at 15-17.... and yes i am not in and in this market waiting until the price is far too good to be true... news today didnt help the cause. good luck to yas...
Comment by
Stockmoves1 on May 13, 2022 2:14pm
Stockwatch will the gap be filled around 11-14 in due course??? maybe.. 25 fails we may see this over the course of time.. I know anyone bagholding doesn't want to hear this but this is how these plays work.... many trades between.... I doubt this fails 20 anytime soon but 30 I suspect will go...