We are fast approaching the 50% retracment mark for most of the major indices coming from the February lows. The risk on/risk off trade continues to extremes.
I am actually looking for a little melt-down to buy some stuff. Right at this moment it is too difficult to step in front of the falling knife. All the worrying and the warnings that were not believed are now feared with great ferocity.
Let’s see where we end the week. I bet there will be some buying late tomorrow and into Monday if Europe doesn’t sink into the sea…
ADDENDUM:
WE ARE NOW AT THE 50% RETRACEMENT OF THE ENTIRE MOVE FROM THE FEBRUARY LOWS. But the markets are in wholesale selling overload. Just let it happen…LOOK at Defensive’s if you must but the knife continues to fall…
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Scott, the funniest thing about Headline power is the picture. You must select a picture. Log into dashboard and scroll to the bottom.
I think that’s a great picture.
I don’t know about these newfangled pictures, damnit.
FUCKING GREEK FUCKFAGS!
I thought it was a nice picture…
Scott,
I’ve got 50 retrace at 1131.08 and 61.8 at 1110.35.
This morning my thinking was that 38.2 at 1151.81 would be it. Now I ‘m afraid we go through the 50% all the way down to the 61.8 retrace.
Right now I’m feeling very lucky to have gone to cash on April 27.
Good luck to all!
this is why u never question flys market hand.
my holy shit
It required patience and discipline and was spot on…
buy the dip HAHAHAHAHA
I’ve never been so happy to own DXD in my life