HHHUUUGE!! (what do you guys think of my thoughts here?)
resistance around theese levels. at the bottom line. i have been folowing closely, buyers waiting in the bottom. If the pressure is big enought from the uppside right now i do not know. but anotther bar close over trend line will be a further acnowledgement of the weight/recistanse of this line. I think anorther D close innside current trend will give risk willing investors reason to buy for long term, but have a quick SL if we se a close and then a folloowing open below the trend line. It has nevver happened before, with such a bigg trend on snp500 that a close and following open to close bellow the trend line has implemented the beginning of a new upptrend. If we breake here ther is a long way down in other words. Whith an above close and above opening tomorrow i am seariously considdering ree-entering the stock market long. At least to se whassup with the line situation. tho, the 200 sma is CROSSED, BUT this has allso happened multiple times earliger in history, wherahas the trend line worked as resistance when sma200 has surrendered. SO..
Funny analysis based on history:
ma W 1000 was first tested then crossed in 1970 and 1975 and then 2002 and 2007/8 ... so that is 32 years in beetween the "sett" interesting. I DO NOT press such a thugt now, but if you guys look at the 1000W MA i do not think we will mow down to it right now. As we saw whit the sharp uppswing in jannuary even thought we ALLSO then had the corona virus, i think people underestimate the strenght of this long trend, and the similarities to before the falling in 2007-08.
My conclution for now is that i do not belive we will test 2008 topp and 1000MA IF we se the trend bearing as resistance for now. But if we see a breake we might se a fall, maybe to 2008 /1000W MA, or we might se a stopp whenever the corona virus is over/oil "war" orother inpredicteboul happenings.
ME for now.. if the close above - opend and close abow - im inn. crossing im out. (what do you guys think?)
resistance around theese levels. at the bottom line. i have been folowing closely, buyers waiting in the bottom. If the pressure is big enought from the uppside right now i do not know. but anotther bar close over trend line will be a further acnowledgement of the weight/recistanse of this line. I think anorther D close innside current trend will give risk willing investors reason to buy for long term, but have a quick SL if we se a close and then a folloowing open below the trend line. It has nevver happened before, with such a bigg trend on snp500 that a close and following open to close bellow the trend line has implemented the beginning of a new upptrend. If we breake here ther is a long way down in other words. Whith an above close and above opening tomorrow i am seariously considdering ree-entering the stock market long. At least to se whassup with the line situation. tho, the 200 sma is CROSSED, BUT this has allso happened multiple times earliger in history, wherahas the trend line worked as resistance when sma200 has surrendered. SO..
Funny analysis based on history:
ma W 1000 was first tested then crossed in 1970 and 1975 and then 2002 and 2007/8 ... so that is 32 years in beetween the "sett" interesting. I DO NOT press such a thugt now, but if you guys look at the 1000W MA i do not think we will mow down to it right now. As we saw whit the sharp uppswing in jannuary even thought we ALLSO then had the corona virus, i think people underestimate the strenght of this long trend, and the similarities to before the falling in 2007-08.
My conclution for now is that i do not belive we will test 2008 topp and 1000MA IF we se the trend bearing as resistance for now. But if we see a breake we might se a fall, maybe to 2008 /1000W MA, or we might se a stopp whenever the corona virus is over/oil "war" orother inpredicteboul happenings.
ME for now.. if the close above - opend and close abow - im inn. crossing im out. (what do you guys think?)