I LOVE FAZ!! FUCK SMN.
This is a confirmed intraday breakdown. Looks like we may very well test yesterday’s low.
50-day MA: 890
30-day MA: 864
20-day MA: 876
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WTA:
Thanks for the update. I guess we wait to see if 860-864 holds? Or maybe holiday volume makes it all too tough to read.
its tough. volume is even lighter than yesterday.
Just wondering what you thoughts are over the longer term picture ?…
Seems as if we only get to see a very limited window of thought process based on one day and shorter term charts.
Just curious…keep up the great work.
GW — I’m not going to speculate on the long-term. I just know that things will get worse. I have to take this day-by-day, week-by-week.
P.S. watch out for some last half hour shit!
I think the VIX is clearly setting the table for a short term decline in the market. $VIX.X refuses to give up 45.