200 MA basically represents a 23 fib retrace, could become a bottom area.
Yesterday's price run ups were outstanding. People ran up prices about 18% once they touched these levels. The last drive was worth about 12%. You can repair your portfolio in a few days, maybe one day with these recoveries. Since I am down, I am going to trade my way back up, I expect to take two days' max to do so.
If you had lost 20% yesterday, you could repair in about an hour and a half. I will remember to do so!
BTFD
This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation
Yesterday's price run ups were outstanding. People ran up prices about 18% once they touched these levels. The last drive was worth about 12%. You can repair your portfolio in a few days, maybe one day with these recoveries. Since I am down, I am going to trade my way back up, I expect to take two days' max to do so.
If you had lost 20% yesterday, you could repair in about an hour and a half. I will remember to do so!
BTFD
This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation