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7,721.6 s&p/asx 200

This information might have a bit of validity to it.Also, people...

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Ewebute

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23/04/24

08:33

Post #: 73468089
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Originally posted by DoctorBen: ↑

US ~1% green. I think it may do a bit of squeeze here before dumping again.
Kind of an attractive area to round up those bulls tempted by the breakout back-test.

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Reading the MainstreamMedia it sounded like the biggest recovery eva!!! Looking at some of the stocks that moved up (eg NVDA) I don't think it even came close to the highs it dropped from on Friday.. massive push lol

Best of luck to all when it turns down again shortly.

Originally posted by wave4: ↑

Some interesting comments about the daily close on the NASDAQ composite from JBartelloni (bartscharts.com).
(An excellent resource for technical analysis & some yarns from the authors previous life as a pilot on a aircraft carrier.)

The decline on the daily from the lower high so far looks impulsive (very few overlaps between the bars).
Possible support from the 50% retracement level of the advance from the Oct 23 low which is close to the 200ma ?

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This information might have a bit of validity to it.

Also, people need to research some history on market movements. Especially when they 'recover' from such a sharp decline already.

XJO Value at posting: 7,649.2
4 Upvote

0 Great analysis

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