stock market crash

[scooterscot]

Someone's learned a new word. Did you pay $20K for that too?

Is that not the english word to use describing someone or group that use false statements to manipulate ones understanding of the truth?

What would you use?

[Whorty]

The FTSE broke out of a channel it has been trending in for some time. Many are now bullish. FOMO probably creeping in. Ascribing a Biden effect no doubt whilst ignoring catastrophic B economy coming to light a few short weeks.

Looking at the 3-day chart tells another story. We're testing a resistance trend line for the 3rd time. If it fails to break through in the coming days, a massive sell off will occur. A break through would be hugely bullish.

I've honestly no idea which way it will go in the near term (1-2 weeks).

This is the most accurate thing you've said.

Fact is none of us do. We can all speculate but no looking back on historic graphs, or tea leaves, will tell any of us with any certainty what will happen next.

My 'guess' is that it won't again break below the 5400 that we hit at the start of the pandemic. Reason being that businesses are learning to live in the new normal. Some businesses will go bust, but the string ones will continue to grow and prosper and will come out the other side much stronger. This is what the markets are showing today.

I only hold market level funds as this reflects the general trend; for me, holding individual stocks is too risky and I'm inherently risk averse.

[TheGreenBastard]

use false statements

[Paralytic]

The FTSE broke out of a channel it has been trending in for some time. Many are now bullish. FOMO probably creeping in. Ascribing a Biden effect no doubt whilst ignoring catastrophic B economy coming to light a few short weeks.

Look, I can draw lines too!


hd image tool

[jamesbrown]

I've honestly no idea

Roger that.

[scooterscot]

Look, I can draw lines too!


hd image tool

Good good. Your lines appear to connect minimum confluence. Remember, you need to maximise the confluence with the candle bodies (not wicks) for meaningful projections.

[tomtomagain]

Good good. Your lines appear to connect minimum confluence. Remember, you need to maximise the confluence with the candle bodies (not wicks) for meaningful projections.

Google "FTSE 100".

Take a look at the rise following the vaccine announcement.

[_V_]

Covid vaccine: First vaccine offers 90% protection - BBC News

[Andy2]

DOW futures up by 1100 points after pfizer vaccine news

[TheGreenBastard]

Fundamentals.