InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,618.26
(
-0.29%
)
US TECH 100
18,927.60
(
-0.06%
)
Dow Jones
41,503.10
(
-0.25%
)
Brent Oil
72.79
(
0.56%
)
Bitcoin
62,045.50
(
0.61%
)
Post# of 8320
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

baja6string

Send PM Follow Ignore
Followers 3
Posts 135
Boards Moderated 1
Alias Born 11/02/2015

baja6string

Re: None

Friday, 12/21/2018 11:45:51 AM

Friday, December 21, 2018 11:45:51 AM

Post# of 8320
I've called at least 2 bottoms of this correction. At the triple bottom with improved market internals (twice) and again the day before the FED mtg on really good internals. Those technical bottoms failed. Here we go again...Yesterday's extreme low # of new 52-week highs (about 30% of all stocks on the NYSE made new 52-week lows yesterday) on high volume suggests at least a bounce and may well be the bottom. In the last 10-years the # of new lows has only been matched during the Financial Crisis (a couple of times) and twice before big bounces and/or correction end of 2 corrections. Maybe this time the Force is with me?
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up