Oscar Carboni's Videos

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[FireWeatherMet]

I dunno, at about the 3:10 mark Oscar starts talking bout how we've had 6 closes above the 200 day MA, which takes the Bear Flag formation out. But at least one of them (#4) closed below that.
And unlike previous dips the past few months that stopped right at the 200 day, this one had 4 of 6 days which pierced down below the 200 day. Don't see how that trumps a bear flag IMHO.
And markets today have been swinging pretty wildly in both directions, something thats typical in a flag formation.

 

[nnuut]

I dunno, at about the 3:10 mark Oscar starts talking bout how we've had 6 closes above the 200 day MA, which takes the Bear Flag formation out. But at least one of them (#4) closed below that.
And unlike previous dips the past few months that stopped right at the 200 day, this one had 4 of 6 days which pierced down below the 200 day. Don't see how that trumps a bear flag IMHO.
And markets today have been swinging pretty wildly in both directions, something thats typical in a flag formation.

View attachment 43015

I agree with that, but with the threat of conflicts in the world it's not a time to go all in, NOT yet! MHO
Thanks for the response I hardly ever to never get anyone's opinions of these Market Videos.

 

[tsptalk]

Despite falling below it on that really bad day, it looks like day #4 did close above the 200-day ave., for what it's worth.

I dunno, at about the 3:10 mark Oscar starts talking bout how we've had 6 closes above the 200 day MA, which takes the Bear Flag formation out. But at least one of them (#4) closed below that.
And unlike previous dips the past few months that stopped right at the 200 day, this one had 4 of 6 days which pierced down below the 200 day. Don't see how that trumps a bear flag IMHO.
And markets today have been swinging pretty wildly in both directions, something thats typical in a flag formation.

 

[FireWeatherMet]

I agree with that, but with the threat of conflicts in the world it's not a time to go all in, NOT yet! MHO
Thanks for the response I hardly ever to never get anyone's opinions of these Market Videos.

I think we agree.
My point was that the "Bear Flag" is still intact, and if so, there's the threat of another leg down.

 

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