Earnings increasing & multiples expanding (Re-rate commencing), page-1148

As I only use charting for trading with just a quick check on basics and financials I will suggest a likely reason for this selloff that WON'T be popular... Just saw the mention of Nikola... they are a scam company IMO and will disappear if this market correction becomes a crash...

Also note GM bankruptcy history and seems a couple very good reasons for nervousness here...

Unsurprising dump thru 1.8 on a Friday and next week will know if the market correction deepens and if it does I will sell CXZ but holding ATM as been careful and only reentered 1.8 after a weak 4 pip bounce from earlier 1.9 purchase so guess am one of the few in profit here...

Chartwise... as said... gap to 1.8 filled and it would be my line in the sand as not prepared to hold into the lower channel marked if market looks dangerous...

All those x'es mark candle wicks indicating selling hence my wait for first purchase @ 1.9 rather than diving in on all the ramping in the day trading forum...

Bracing for all the posters who dislike negative sentiment being expressed...