Look at this chart now dude, we're looking at a double bottom at least. Obvious pennant fail.
NKE reports tonight, the Dow might be f'ed.
hungry_hippo
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Backtested the lower line today, let's see if they gap it back into the pennant tomorrow.
nobullshytrader0
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@hungry_hippo, futurez r up 99% of the time bro, i stopped checkin em yearz ago, its all programmed
hungry_hippo
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@nobullshytrader0, 1% day buddy. Good chance to buy some calls, they gotta close this gap. Don't go all in until Pumpkin face talks at 12:30. Expect more whipsaw after lunch.
hungry_hippo
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Gapping down Monday. Just look at the chart patterns on foreign indices like NIKK and DAX. Chart pattern indicate another big drop. Funny thing is, we could've just counted 10 days.... wish I had looked earlier.
Candlestick patterns for all indices the past week look just like they did before the last drop. Wish I had seen this too, would've bought next week's puts.
I'm predicting 3 down days (similar to the last drop), then the Fed announcement actually makes the market go back up. Inflation is still relatively low. Stock movement slows down until the next Fed meeting.
NKE reports tonight, the Dow might be f'ed.