StockFetcher Forums · General Discussion · Let's Play "The Falling Knife" Game<< 1 ... 8 9 10 11 12 ... 16 >>Post Follow-up
Mactheriverrat
2,759 posts
msg #157660
Ignore Mactheriverrat
9/24/2021 9:01:13 PM

ZM - Next support 225

Cheese
1,289 posts
msg #157661
Ignore Cheese
9/24/2021 9:02:04 PM

Thanks, karennma

Actually, I think that your market views were very wise. The price drops in the first two days this
week appeared to break a short-term trend. On top of that, there were US fiscal and monetary
policy crises, and China Evergrande crisis, so things could have ended badly.

I suspect that market breadths might be quietly deteriorating even as market indices moved up.

Mactheriverrat
2,759 posts
msg #157662
Ignore Mactheriverrat
modified
9/24/2021 9:03:49 PM

ZM - Next support around 230 to 222 area
I don't see anything that stops this falling knife.



Cheese
1,289 posts
msg #157663
Ignore Cheese
9/24/2021 9:04:04 PM

Thanks, Mactheriverrat

I think some Weinstein folks might say ZM is in Stage 4 on a daily time frame
but I don't have any links.

Mactheriverrat
2,759 posts
msg #157665
Ignore Mactheriverrat
modified
9/24/2021 9:17:28 PM

Yes to the stage 4.
Even Gerald Peters Money flow it would be stage 4.
I was watch the support for it might hold for a stage 1 of Gerald Peters Money flow but it didn't.
4-stage

Cheese
1,289 posts
msg #157666
Ignore Cheese
9/24/2021 9:22:51 PM

Thanks, Mactheriverrat

Mactheriverrat
2,759 posts
msg #157669
Ignore Mactheriverrat
modified
9/24/2021 9:56:27 PM

Even Peters talks about Weinstein from time to time. That is where he got his idea for the Money flow system.

P.S. Peters is sometimes wild in his presentations. His trade I like to get in just a little later than he suggests but all in all he's got a great bunch of ideas.

Mactheriverrat
2,759 posts
msg #157681
Ignore Mactheriverrat
9/25/2021 10:24:24 PM

I read or heard somewhere that "Price has memory"

My thoughts on ZM are to keep falling until somewhere around 220 / 230 area.

Cheese
1,289 posts
msg #157682
Ignore Cheese
9/25/2021 11:43:54 PM

Mactheriverrat,

I like your ZM chart of 9/24/2021 9:03:49 PM
Your support levels of 280-ish, 220-ish and 180-ish seem quite popular
I've even come up with the same myself when looking at different ZM charts from different authors.

As you often said, so many of us essentially look at the same thing.

Our biases will likely become self-fulfilling prophecies.
Lower prices will likely get lower because of our herd mentality of many people
who actually don't know very much about ZM, present and future.

Good grief.

Cheese
1,289 posts
msg #157683
Ignore Cheese
9/26/2021 12:22:13 AM

https://www.stockfetcher.com/forums/General-Discussion/Let-s-Play-The-Falling-Knife-Game/156318/80
=================================================================================

Jeremy Grantham said: When everybody agrees, then something else will happen.

So, if ZM support levels of 280-ish, 220-ish and 180-ish seem obvious to many chart authors,
then they are unlikely to happen.

If unsure, stay out.
I will likely stay out of ZM for a while.

StockFetcher Forums · General Discussion · Let's Play "The Falling Knife" Game<< 1 ... 8 9 10 11 12 ... 16 >>Post Follow-up

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