welcome SumTingWong, this is what I think .gov's underlying message is for this weekend...
... that the government really has given {the powerful, struggling, fundamentally invalid,too big to fails} what it can give, for now in terms of money/capital...if the markets cannot act at least "a little healthy" after such an influx of fresh government capital...then...for now...the markets will just have to be content falling...
...if the market decides to allow stocks lower from here...it will almost appear (to average retail & advanced traders alike) as if all the recent government attempts to fix..change..protect..alter..intervene..prevent..manipulate..organize..get a clue about.. (and/or whatever other relevant synonymous adjective's that Im leaving out) the market will at that point suggest that the .gov's intervention tactics ARE..NOT..WORKING...
...It will be at that time that I expect a fresh mass wave of frustration,childish finger-pointing/blame and ultimately more protective continued, mass market liquidation..which could later be described/taught/expressed by some future influential educational heads as,...
...painful-lessons-of-the-horribly timed-but-at-the-time-thought-responsible---De-leveraging effects of the Millenium crash of '08 ...
...soon after..a much higher percent of financial hopelessness will reside across the ill-anticipatory financially exposed longs...
...If I were long stocks now...I always ask myself where I would put my stops...chart after chart,I am seeing/measuring/projecting many important mental-swing-stop-targets that have already been hit...
...what comes next in the markets, IMO ,will be more about human nature than about what any organized intervening entity announces...human nature as it is now,(as the stars are lined up at the moment) is conditioned towards instinctual, unconscious,as well as protective basis reduction and natural profit taking ...
...recent, past volatility combined with recovering fear and growing uncertainty, will later(= now) equate to higher levels of consciousness & conservatism...the psychological dominoes have been tipped over...& now must be properly measured & interpreted, in advance ,using 100% depth perception skills ...
...traders note...If a trader rides a stock from $5 to 20$, starts to see weakness,and does not react by way of taking strategic profits...then that trader will deservedly give much more profit back...(and possibly some initial capital)...
...there must be a calculated,pre-meditated % limit to each unique individuals give-back-risk-allowance...
or...willingness to give back...
Secret
-Fibonacci on call
-Alliances
-Palmitch
