Jump to content

This is it! The big one! Err maybe not, contrarians on alert!


Recommended Posts

At some point it has to be the big one right?  But usually it comes as a surprise, this is the classic point of a black swan event, it is unexpected.  So that means the slow build up negatives do not amount to a black swan so therefore this is NOT it.  That said a stock market crash doesn't have to be a fall off a cliff moment like in 1987 so maybe...

 

At any rate my thought is this, that there is a **** of a lot of negative press noise around the US election and Fed rate rise risk (or in reality the risk that they won't!) and Brexit and so on.  Recently I saw an article about how if NFP Friday is a red day this will be the longest losing streak for global stocks since 1980.  But wait a minute how can that be?  The index hasn't fallen that far!  The stat means longest number of consecutive days in the red, even if just by 1 point.  Lies, **** lies and Stats and the regular punter only sees these headlines and not the real facts.

 

I can't help wondering if we will either see a rush back into risk and a rally before the "real" drop begins.  Even if this is the beginning of the end expect a serious retrace rally before it really gets going.

 

Bottom line is contrarians are on alert for the opposite of what the mainstream is expecting AND watch out for bear traps!

 

 

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      20,112
    • Total Posts
      88,194
    • Total Members
      69,106
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    CJ-TradingFloor
    Joined 05/10/22 10:26
  • Posts

    • Hi What are the ways to deal shares with IG and what are the commission/costs for share dealing.   Thanks
    • Hi @Ptuh Welcome to IG community. What type of trader are you? Scapler, day trader, swing trader, position trader, algorithmic trader or event-driven trader? To answer your question, you can have a look at this member's recent posts on trading strategies: Top 5 Intraday trading strategy for financial freedom The Fibonacci MACD Trading Strategy Another source that can assist with your trading strategy is this article by our Senior Market Analyst: How to trade SA40 Index   All the best, OfentseIG
    • CSX Corporation, Elliott Wave Technical Analysis CSX Corporation, (CSX:NASDAQ): Daily Chart, October 5 2022,  CSX Stock Market Analysis:Moving as expected, at this point we are looking to see how wave{iv} is going to unfold. Given the fact that wave {ii} was sharp I will be looking for more of asideways correction. CSX Elliott Wave count: {iv} of C CSX Technical Indicators:We are below all averages CSX Trading Strategy: Looking to short on wave {iv} ideally the 20EMA(red line) will also turninto resistance. TradingLounge Analyst: Alessio Barretta       CSX Corporation, CSX: 4-hour Chart, October 5 2022 CSX Corporation, Elliott Wave Technical Analysis CSX Stock Market Analysis: From this lower timeframe view it appears we have just started wave(a) of {c} and many times after a sharp wave (a) we fall into a sideways correction. CSX Elliott Wave count: (a) of {iv}. CSX Technical Indicators:We have just touch the 20EMA where we could start to pullback from. CSX Trading Strategy: Looking for shorts from a significant Fibonacci level.
×
×
  • Create New...