January 2018 Result...
The tape isn't the same, but I think the January 2018 result is going to be the same. I'm not one to call these 10% 2-3 day drops, but if there ever was a time for one....it's now.
Fed...fed...fed...the media has groomed every retail trader that "everything is going to be okay if the fed signals they will cut rates". First off, what part of "Fed expects no cuts in 2019" does that equate to the 2 expect cuts the markets have priced in? None the less, we were all coiled up ready to pop as everyone sat and waited on the Fed. Now its "safe" to get back in. 5th waves on impulse waves happen for a reason, just about everyone jumps on board for the big 3rd wave up, we get the fourth wave correction, that fomo kicks in on the fourth wave correction, your "causal investors" who missed the 3rd wave pop, jump in now thinking its a great buying opportunity, and they wont miss out on it this time! Meanwhile the big fish happily pull out and take your money. Big fish pull out, they don't buy back in, that 5th wave ends, and here comes the panic selling from all those who just inflated this puppy n the first place.
Only thing is...this was a parabolic move up, corrections always come crashing down faster than bulls push this thing up. 10% up in three weeks? That's just asking for 10%+ down in a week.
G20 talks have to disappoint though for a big drop I believe. It's important to note what Jim Cramer said aswell because he has such a presence in the minds of retail investors, "I do expect this market to be hammered if nothing positive comes out of this G20 meeting".
**NOT Trading Advice, Please do your own analysis!**
Fed...fed...fed...the media has groomed every retail trader that "everything is going to be okay if the fed signals they will cut rates". First off, what part of "Fed expects no cuts in 2019" does that equate to the 2 expect cuts the markets have priced in? None the less, we were all coiled up ready to pop as everyone sat and waited on the Fed. Now its "safe" to get back in. 5th waves on impulse waves happen for a reason, just about everyone jumps on board for the big 3rd wave up, we get the fourth wave correction, that fomo kicks in on the fourth wave correction, your "causal investors" who missed the 3rd wave pop, jump in now thinking its a great buying opportunity, and they wont miss out on it this time! Meanwhile the big fish happily pull out and take your money. Big fish pull out, they don't buy back in, that 5th wave ends, and here comes the panic selling from all those who just inflated this puppy n the first place.
Only thing is...this was a parabolic move up, corrections always come crashing down faster than bulls push this thing up. 10% up in three weeks? That's just asking for 10%+ down in a week.
G20 talks have to disappoint though for a big drop I believe. It's important to note what Jim Cramer said aswell because he has such a presence in the minds of retail investors, "I do expect this market to be hammered if nothing positive comes out of this G20 meeting".
**NOT Trading Advice, Please do your own analysis!**
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