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This is the Queation:
WHERE IS THE BOTTOM! OH he who knows come forth!!!![]()
We will see Birchtree, I think you are very knowledgeable in these matters, but are you a sooth sayer?Fortunately, tomorrow intraday will place the bottom.
We all need to know when the Darkside side will fade. If you have insider knowledge brighten UP!!Well, When my Avatar showed up it was telling me that the Darkside was near, so I got out. Don't think I can pick the bottom but, the Darkside is still showing its face. When my Avatar changes to a brighter side, we will know the Force is with us. I think. LOL
IMHO we are too high on the MCSUMs to see that low a drop - and we had excellent gains today which will push up all the MCOs and add further to the MCSUMs. This could be setting up for a big V country rebound. I would actually prefer to see a slower protracted rebound but you can't fight the tape or the market. As a position trader that leans heavily on the buy and holder approach I have to go where the market leads. And sometimes that includes down the well as well as to the moon.
Well, let's see----in 1998 beginning of Sept drop of -251 pts we were at -87.6 day before yesterday. More like the 1st of Aug, -115 on the Chart. If the situation is close enough to 1998's? I don't know if it is but it's scary!!Or are we at the Sept. drop?
I hope you and Birch are right, I need to get back to business!Right now it's starting to look like that ther well of yours was filled with beach balls left over from the bull party the past seven months.Nice bounce!
Nobody knows? OK who is the man? He who knows all, come forth!:suspicious: I surely don't know, but if it's anything like 1998 we have a ways to go.
View attachment 1467
I hope not!
Nnuut,
Excuse my ignorance, but what is "CP"?Thank you, Remo
Nnuut,
Excuse my ignorance, but what is "CP"?Thank you, Remo
Thanks for the help WW. Yes Remo , Watchin' out for your MONEY!Capital Preservation, I think.