I'm poised to profit from this drop, hope some others are too.
I'm looking for 26,545, I'll start buying back in there.
25,634 would have me completely reinvested in the indices.
Them dividends sure are nice, for now.
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I'm poised to profit from this drop, hope some others are too.
I'm looking for 26,545, I'll start buying back in there.
25,634 would have me completely reinvested in the indices.
Them dividends sure are nice, for now.
Dow plunges as Coronavirus pandemic fright grips globe.
https://www.foxnews.com/health/globa...nd-south-korea
Climb-Utah.com
It's all math, not simple math but math.
Right Dougrz and diesel?(Rock)
This has been a long time coming, the price this morning has erased 2 months+ of gains.
Trump is the kicker, these markets haven't dropped as much under his administration.
coronavirus is just the talking heads excuse for what has been inevitable.
I disagree the stock market is just math. How trade with other countries will be effected is a lot more complex then just math.... but whatever...
Markets tank on concern about virus impact on world economy
https://www.ksl.com/article/46721297...-world-economy
Climb-Utah.com
It's o.k. to disagree, as long as you are making money or have potential to make money while not losing 10% of your retirement.
I don't read any news on the markets or particular stocks other than a glancing, occasional view.
News(fundamentals) don't matter to me.
Math(technicals):2thumbs:
this one can be helpfull
100
RSI = 100 - --------
1 + RS
RS = Average Gain / Average Loss
And If you add a indicator I wrote for the TD Ameritrade TOS system, it gets way better.
Kurt’s Volume Avg
Plot Data+Volume;
Data.setpaintingstrategy(paintingstrategy.histogra m);
Data.assignvaluecolor(if volume*.62>volumeavg(length=10).volavg then color.red else color.blue
just math
And throw in a bit of Leonardo Pisano's work and your odds get higher yet.
Math
You heard it here, folks: The Dow Jones dropped over 1,200 points in two days because Bernie Sanders is going to be our next president.
https://www.ccn.com/did-bernie-sande...-death-spiral/
:roflol::roflol::roflol::roflol::roflol::roflol::r oflol::roflol::roflol:
Thanks for laugh.
I'm just waiting for the tried and true indicator from @accadacca that the bottom is going to drop out. Then, I know it's time to jump back in. :haha:
^^^THIS^^^
Climb-Utah.com
I'm well positioned for a virus selloff as you all know, having been selling down on Dem sweep risk.
But I'll strategically pick individual stocks that look enticing regardless. The small mid day rally fizzled out, selling continued into the close. Probably another down day tomorrow.
I noticed some remote conferencing stocks did well, for obvious reason. ZM, for example.
Market psychology is absolutely fascinating. Math underlies. After all, no earnings, no stock price. And vice versa. But that still doesn't tell you about the future, and that's equally or more important than what the math correctly tells you present value might be.
Add human emotion, rumor, anger, passion, and error, and you get this.
Mining is a good way to play metals. Imo better than physical, unless you are doomsdaying. In which case I'd rather have physical food and guns and other daily life tradeables anyway.
Better since it's a levered play, with the added boost of momentum and market anticipation.
https://uploads.tapatalk-cdn.com/202...20ec5def45.jpg
After today, I'll be 75% re invested in the indices(mutuals)
I still have the remaining 25% in a dividend fund, if we drop lower I'll put the 25% back in as well, if not I'll hold it.
If we stay near the daily low on close today, I believe we hit my 26,564 area tomorrow and rebound up, sharply.
I think it goes to 21,000. Maybe lower.
This is full panic selling right now. No end in sight.
21k would be a 30% correction. Historic that would be. I would not complain for the bargains from collateral damage.
I'm not sure it would worsen Trump's chances. It would be widely attributed to Corona, and difficult to spin into criticism of Trump economic policy.
As of todays close, we are 8.7% off the highs.
433 points from my support number of 26,564.
I've seen in the past in this situation, a morning selloff and a rally to positive territory.
I think tomorrow is a key test of how low we go.
If it holds, we should go up and blow through 30,000.
If we close below 26,564, we are headed lower to 25,636 area.