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Old 01-22-2019, 01:55 PM
 
9,619 posts, read 9,063,628 times
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Is this the new norm? ..trends turning on a dime ...day to day and violently.
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Old 01-22-2019, 01:56 PM
 
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God I was just thinking the same thing!! This is crazy. I don’t recall ever seeing the stock market go this nuts in such short spans.
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Old 01-22-2019, 01:56 PM
 
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it's like i look and go so what else is knew .. just business as usual
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Old 01-22-2019, 02:08 PM
 
Location: Olympus Mons, Mars
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expected.. high likelihood that Dec 24 lows will be retested before bouncing back up for good or going further down. My guess is we will eventually go higher.
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Old 01-22-2019, 02:09 PM
 
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Here is the long term volatility index. The volatility that occurred back in 2008 was much worse (although this market may be in the early innings of a multi-month downtrend and the volatility may get worse from here...). The price action of the most recent market to 2008 is also very similar. Also, 500 point up/down days when the market is trading at nearly 25,000 isn't as significant as the 500 point up/down days that happened back in 2008. With such a high market valuation, I'm surprised we haven't seen more 1000 point up/down days. When the market is down 1800 points in one day, then you can kind of start to freak out...


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Old 01-22-2019, 02:13 PM
Status: "Lock Him Up" (set 24 days ago)
 
747 posts, read 372,496 times
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I would get used to it. We probably shake this selling off short term but I would expect a retest of the lows again by the summer.
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Old 01-22-2019, 02:26 PM
 
Location: Olympus Mons, Mars
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actually if it goes much lower and languishes there for a while it's just fine by me as my cost basis will get lower
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Old 01-22-2019, 02:35 PM
 
Location: Wisconsin
21,867 posts, read 45,072,855 times
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Ichoro has been posting on the technical thread - i.e., wedges predicted today with more to come. That said, all predictions I've heard for the past few months are for a very choppy 2019, especially the first half. Too many geopolitical issues - our trade issues coupled with slowing economies elsewhere. The shutdown doesn't help. Davos comments are what started it today.
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Old 01-22-2019, 02:37 PM
 
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Quote:
Originally Posted by k374 View Post
actually if it goes much lower and languishes there for a while it's just fine by me as my cost basis will get lower
Yea..I never said it was going to sway me any. I just realized NOTHING is a soft sway now. It will balance...UNLESS China figures out Trump NEEDS a deal to get re-elected in 2020 and decides to play hardball. Then it could get might dicey. Lets face it .. if a tariff deal is not swung this market will just do a face plant.
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Old 01-22-2019, 02:38 PM
 
Location: WA
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Today's computer trading (with current configuration) is more subject to rapid swings... doesn't compare to most past trading norms.
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