There is something bad in the air. Their is a chance that the stock market in the US,could crash.
I am not an astrologer, but I have believed strongly for many years in the pull of the planets, and it's impact/effect on human beings at the most extremely difficult times.
The stock market in the US right now is under the gun, and it's in a highly risky technical condition. The Fed meeting this week, could be the trigger to set off a potential crash in the market.
Of note : Do pay attention to the last hour of trading on the NYSE as institutional big money investors are waiting until then to sell. They did it every day last week, and it's a very bearish precursor of potentially what is to come.
@BoneFunkenstein, using my fib indicator, we almost have the same scenario
leonardoauer
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Strong Bull trends do not become Bear trends before evolving into a trading range, and this bull trend was very strong. Expecting higher prices yet. Could last more than 1 or 2 years till the crash you are talking about. Be carfeull if you are holdking your short position, market is at strong support. Your stop loss should be at the high of the TR at least, but I would take some profits. It's too risky.
BoneFunkenstein
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@leonardoauer, I am trying to think of one modern (post 2000) where that has been true. Most of them have been deeper and wider crashes coming off of strong Bull trends. Correct me if I am wrong
What I find interesting is that never in history we had a Bear trend. Time has come?
BoneFunkenstein
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@leonardoauer, I agree we have never had a consistent full market BEAR trend. Just crashes and recoveries. One of these days it may never recover Thanks for the info
Mrp540454
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Retail was walked right into the gas chambers over the past two years…the phenomena of “buy the dip” worked every other time so it has to work this time, correct? Wrong. Their profits have been burned buying this one.
The_Unwind
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@Mrp540454, it was very easy to do. Buy the dip, again and again and again, It worked countless times, till the trip to the gas chamber, as you so aptly have pointed out.
this time Bears will bleed