Looking at the chart it seems like this is a fake out to trap all longs before heading significantly lower. Take a look at the chart, a similar setup has played out before and this seems to be exact setup once again. Most likely wrong but it seems pretty plausible. Could see $430 before we head down though.
reversal? who think about reversal. if anybody think about reversal should quit trading forever. it's bearish market counter rally
Bullrundontstop
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418 is what the bulls and bears are watching.
Regi_Lantern
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Lots of time on the R clock. Don't get in a rush. No sharp drop until someone big with collateral risk topples. There's no Bear Stearns, Lehman Bros. No AOL-Time Warner megamerger failure... We're not going lower just yet. 2000 had sixteen bear market rallies >10% with an average of 22.7%. 1929 had ten >10% with an average of 22.8%.
420 is a max