I think we will see 31K soon and volatility could get worse with just about any news at this point. Very few assets look tempting at this point, and this index represents the dismay. NFA, DYOR
Hi....well, what you think after yesterdays drop? More downside today/tomorrow - lets go to 30k
ChartProphet
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@Laurent10, Yes that is pretty heavy selling! I am still holding UVXY ;) I wouldn't be surprised to see more downside or next week if nothing else.
Laurent10
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@ChartProphet, Hi - you know if one looks at where we were pre-covid (+/- 30k) I don't think its than bad or abnormal to be where we are....but yes I am expecting more downside today/tomorrow and even going into next week (end of the month)....I think/believe we need a RESET all round. To be at the levels we were at AFTER covid to me was INSANE. Anyway, nice chatting.....catch-up at 30k hopefully :) - cheers, have a great day trading.
ChartProphet
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@Laurent10, My timing seems to be early usually, I was expecting a black monday but I think predicting is hard. Also, the market looks wrecked, so a confusing zig zag down is all they got. Then again it does look totally done for, so any news will kill it. Have a great day!
Laurent10
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@ChartProphet, Hello....you absolutely right - predicting IS SO HARD, especially in these markets, these are not the markets of old. Markets do look 'wrecked' but I still feel there can be more downside.....any news GOOD or BAD seems to send it. Thanks U2 have a great day.
Laurent10
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Hi...I'm also expecting the DJ to go to 32k. My daily shows as much.....Not expecting a major crash (flash or other) but I am also looking at 30k this month - Pre-Covid level -after that it's anybody's guess....thanks for sharing, cheers
ChartProphet
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@Laurent10, Interesting take on things and thanks for sharing your opinion! I am anticipating a black swan here that will shake things up, but your narrative seems very logical as well.
Laurent10
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@ChartProphet, Hey howzit....thanks for getting back to me - look I also feel that things could and do get volatile...and can go either way, but yeah 32/31/30k are my targets before I do anything else....and yes I fully agree that 'any' news can and does change things rather quickly - cheers