StockFetcher Forums · General Discussion · Let's Play "The Falling Knife" Game<< 1 ... 7 8 9 10 11 ... 16 >>Post Follow-up
karennma
8,035 posts
msg #157608
Ignore karennma
9/20/2021 7:43:55 PM

Cheese
1,196 posts
msg #157587
- Ignore Cheese 9/14/2021 1:01:09 PM
in the past, when more good research was still freely available,
some chart porn suggested that, going into OpEx fridays, markets tended to go up.
==============================================================

Not in my book. At least not last week when I gave my initial "warning".
What went up were PUT premiums.


Cheese
1,289 posts
msg #157641
Ignore Cheese
9/23/2021 4:04:33 PM

If you know what tripped you up this time, please share. I would like to know more about false flags, too.

I was lucky to be on the right side this time because some headlines read "Suddenly, everybody worries
about market crash", and then I remembered that the markets want to hurt the most people.

Mactheriverrat
2,759 posts
msg #157642
Ignore Mactheriverrat
modified
9/23/2021 6:32:49 PM

May I add a thought here. ZM is bouncing off support line. Could be a bottom . This could get interesting.

ZM

Cheese
1,289 posts
msg #157643
Ignore Cheese
9/23/2021 6:53:44 PM

Good eyes, Mactheriverrat
Thank you

karennma
8,035 posts
msg #157647
Ignore karennma
modified
9/24/2021 9:56:42 AM

Nope. ZM not coming off a bottom.
As of today's open, It's already down to $268.
Hasn't been that low since Aug 2020.

EDIT:
Oh! But, no offense.
Thanks for the chart.
As always -- much appreciated.


karennma
8,035 posts
msg #157648
Ignore karennma
9/24/2021 10:01:47 AM

Cheese
1,201 posts
msg #157641
- Ignore Cheese 9/23/2021 4:04:33 PM
and then I remembered that the markets want to hurt the most people.
=====================================

This is not "euphoria". This time is different.
People aren't "euphoric" (i.e., mania), they're psychologically paralyzed.
They don't know WT* is going on, so they're not watching the rug being pulled from under them.
This is sad - - -





Mactheriverrat
2,759 posts
msg #157649
Ignore Mactheriverrat
9/24/2021 10:21:04 AM

Well this morning ZM broke below that support line I showed. I said it could as in might be a bottom. It failed.

Cheese
1,289 posts
msg #157655
Ignore Cheese
9/24/2021 4:33:57 PM

Both of you are long-time members and experienced traders.
On the daily time frame, karennma was right about continuing ZM weakness.
Mactheriverrat was right about ZM support taking shape around 267 - 271 levels on shorter time frames.
Intraday, the bounce was $4 to $6 up within a matter of a few hours early this morning Sep 24, 2021.
Maybe a ZM bottom will form on the daily time frame next week.


Cheese
1,289 posts
msg #157658
Ignore Cheese
9/24/2021 8:11:11 PM

In my mind, I've been trying to reconcile karennma's market views and the market's price actions.

I remember Dejan as a regular contributor to StageAnalysis.Net
Dejan used to post his manual count of Stage 2 stocks among the S&P 500
and used that count as a surrogate measure of market strength.
Unfortunately, his posts have stopped at the end of Dec 2020
and StageAnalysis.Net is now a paid service.

If Mactheriverrat is still a registered user of StageAnalysis.Net
perhaps Mac could tell us the latest market studies by Dejan or isatrader.

Thanks.

karennma
8,035 posts
msg #157659
Ignore karennma
9/24/2021 8:25:28 PM

@ Mac & Cheese, (no pun intended .. tee hee hee)

That's a good idea, Cheese 'cuz as you know, all my bad calls are posted here and this might be one of them. 😈
(and yes, I see ZM made a small bounce off of 269.)


StockFetcher Forums · General Discussion · Let's Play "The Falling Knife" Game<< 1 ... 7 8 9 10 11 ... 16 >>Post Follow-up

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