CURRENCYCOM:US30   Dow Jones Industrial Average Index
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Buy the dip is alive again as the Fed announces another support program.
Creating the illusion that they are "keeping you safe".

Can be punishing rallies...looks to be 5 waves down complete....an ABC rally towards 26K 26400?
The optimum period is coming...

Comments

Also just pressed Play on ur Chart and look at ALL the indecision as indicated by that proliferation of "spinning tops" / long tails either side of Bars..

Im licking my lips..

lol.

xCM
Reply
Fractal777 craigemm
@craigemm, Yes...violent plunges and rallies...that's why I went neutral....too much risk....it dropped 1000 points in an hour...fragile.
Now it's played out...looks like 5 waves up may have completed ABC....but it might only be A up and B down in progress.
So this may have topped....negative mood and news concerning "The virus" is niggling the markets.
Futures are weak....a little more time to see what's next.
Then it could a generals call!!!
+1 Reply
Check this article>

In particular "QE Shrinks" - gives some precise figures on what the Fed has been pumping in and how they intend to significantly lay off the printing presses :

https://seekingalpha.com/article/4353370-fed-just-issued-dire-warning-for-stock-market

Also that Gartley "bat" screams down to Me..?

Hope your well and God Bless.

xCM

ps. how beautiful was that Comet (?) ..?
Reply
Fractal777 craigemm
@craigemm, Thanks friend...the comet was a stunner!
The Fed is an illusion of safety for this market..absolute dissapointment coming to this believers.
God Bless.
+1 Reply
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