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JabraD

15,516 Posts.

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08/02/23

13:51

Post #: 66135852
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Originally posted by TheFadz: ↑

In a normal bull market, you can still short 200 points worth once every month (maybe not weekly. Haha)

People just forget that red candles exist

The only reason we haven't seen red candles for a while is we're transitioning from a very volatile 2022 to a hopefully more stable 2023

So the October rally has been attached to the January rally (after an overkill with the December pullback/correction)

Corrections for the year are usually December, march, June & September
They can happen a month early or late just to keep everyone on their toes
Trying to guess seasonality never works
Regardless, 4 times a year (at least), market tries to correct itself
I don't care how bullish it is

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With fadz here 22 was volatile but 23 they might try and stablise again.

There maybe a 200 point pull back agreed round 7600-7400 but no crash. Bollinger bands returning back to pre pandemic

XJO Value at posting: 7,526.9
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