Well we broke down and hit the lower target of 12800 exactly 😁 and then we bounced on earnings, and wow, did we bounce. Nasdaq bounced all the way back into the channel. The chart does lend itself to go higher, but it's short the rally time. We could still reach a new high (around 325 on QQQ, 13350+ futures), but we are heading down overall. Personally and according to my count, I believe we are going for a new low, breaking the October lows.
Dons hobby : Someday iam, I will be able to play in your neighborhood hope you kill it for the rest of the month my friend.
Violets : you called this beautifully yesterday,! nice!
102235596 : Do you think it’ll hit octobers low or beyond that next week? Or is that a more long term move - asking cos That’s quite a big move down!
iamiam OP 102235596 : in the next couple months
股勇者 : wow October's low? bravo
Ng Yit Chong : so complicated for what ! up is up ,down is down ,which indicators you are looking at ?
102235596 iamiam OP : After that big move down to October’s low, based on the wave theory - does it mean we’re finally out of the correction and moving back up?
iamiam OP 102235596 : no, the correction that follows will be another bear rally, before another drop. but now we are talking years
iamiam OP 102235596 : no, the correction that follows will be another bear rally, before another drop. but now we are talking years