Alright folks I am back, after settling stuff. Market taking another round of beating as expected but I will re-evaluate before market closes today to see if I will take any action on my positions. I have moved from a downside bias to a neutral bias, since the US markets have hit my TP. Fast [...]
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7
Nov
Con’t – Psychology behind whipsaws, 20MA & current US market momentum
Posted by CharlesMing Published in Technical Analysisno comment
7
Nov
Psychology behind whipsaws, 20MA & current US market momentum
Posted by CharlesMing Published in Technical AnalysisGood morning everyone. Just a quick post before I head to work. I had some questions on whipsaws as well as how my lovely 20MA actually works as a resistance in a bear market.
I don’t know if I said it here but I anticipated the S&P to be supported at 900. I think I posted [...]
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