claydoctor

spx500 is that a double bottom I see?

FX:SPX500   S&P 500 Index
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For those looking for an end to the carnage, an entry point to buy the dip, is that a double bottom I see? Or is it false? Is it stock buy back time, in mass? Is it the bull that was pierced, alive again, with just a scar? I had other levels of support in mind, but it doesn't matter, this market has a mind of its own. With such huge volume after hours and pre market, and how important the asian market is at this moment (China), who needs sleep? Sleep is for the weak.

I entered a counter trend long to make my shorts risk free.
Trend is down though.
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claydoctor IvanLabrie
so then, is this a dead cat bounce? I thought maybe we would get this for a day or two and then back down, into the fundamental change of bear market now. If yes, huge opportunity to short market again, what do you think, timing is everything. Wednesday, mid day to short?
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IvanLabrie claydoctor
I think so, based on time at mode and elliott wave I think the top is in for a couple months at least.
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