In a downward channel, there's been 3 solid attempts to break pattern. A market reaction to a stronger Democratic result will test a low again, then there could be a Santa Claus rally as, perhaps, prices come down to offload inventory? Perhaps. Then at the beginning of the year,which have started poorly the last few years, could follow suit as well. This would...
Chart-wise, I favor the blue outcome because it would fit nicely in the wave pattern. The orange looks like a serious battle to the end, and a tight squeeze. The purple looks more like reality. My preference would be the purple so we can dig our heels in again. Testing 54K seems to be trending on social as well, so there is a lot of sentiment to squash some long...
I'm not sure why a break below $50K is worrisome. From a 35K foot view, we have a lot of room to jump around before any doom and gloom can be sustained. Even a regulatory buzz (which I suspect will bring us below $50K) will only be met with acceptance (which is already happening) by that same regulatory board. I suspect a lot of theatre in the next few days with a...
There are good people behind unimaginable developments right now. This chart does not represent that aspect of the industry. I rode the wave, and it was fun. But in my experience of opening wallets and bases and the volatility and THE FEES!!! Dear lord...the fees. Adaptation will be near impossible (and in order for these business models to succeed, my mother in...
There are good people behind unimaginable developments right now. This chart does not represent that aspect of the industry. I rode the wave, and it was fun. But in my experience of opening wallets and bases and the volatility and THE FEES!!! Dear lord...the fees. Adaptation will be near impossible (and in order for these business models to succeed, my mother in...
I like to visualize finishing the year. These were the two polar extremes. I'd take either, and would prefer the red.
While we expect markets to continue to go up, absurdly, we see it going up so high that it breaches backwards. Not sure what that means =)))) HAPPY HOLIDAYS!!
A perfect trend would have us back down to 267 before exploding up, or down thereafter.
I think we can fall as low as 2550 soon, but another mad, unhealthy , rush back up to 3,000 is not unheard of in this environment of thin air. It would be best if we took a breather back down to the 2000 level, where more retail buyers would come back in, and maybe make a healthy charge to 3,000. Otherwise, we can and will fall into the typical crash pattern -...
I've noticed a pattern forming and have traded it 3 times already successfully. Perhaps this will be my demise, but the risk/reward is too nice to pass up. My previous post on JOE shows the success f this chart so far.
Just watching a pattern develop and worth trying to repeat with very little risk to potential reward.
It may jump soon, or it may fall first, due to earnings, then bounce at another crossing of the 175 and 100 around 33 and change.
Looks like it follows this pattern. On occasion I just overlay many charts when brainstorming- some fit perfectly.
HPE looks like it has hovered around $14 for a while in this chart....what gives?