The_Unwind
Short

Nasdaq 100 Fang Stock Bubble/ Are You Still Buying The Dip ?

TVC:NDX   NASDAQ 100 Index
156 views
6
Nasdaq 100 4 Hour Chart appears to be targeting
the monthly April 2018 Low of 6539

The Fang Stock Bubble is only in the early stage of bursting,
and price movements that would normally take days,happen now in hours.
Witness yesterdays sharp stock market rally, disappear overnight like it never even happened.

As the decline get deeper, and stronger, price movements will progressively get larger.

It is important that you immediately shift your market perspective
to longer term charts, and targets therein.

Large price swings have been unleashed on the market, for the faint of heart.

Until the naive stop trying to buying the dips,
and are so frightened that if they do, price will immediately drop
then the bottom that they seek, will remain elusive,and still further away.

Extreme Caution Recommended.

THE_UNWIND
10/26/18 630 am
NEW YORK

Comments

Respect Mr unwind, your analysis is spot on. Having sold my long-term (very profitable) positions I am free to think freely about the current state of the market, and you have it correct, and you called the top.
Reply
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