Why I think we drop again on Monday or Tuesday....

Discussion in 'Trading' started by derektrader, Oct 3, 2020.

  1. maxinger

    maxinger

    The market just opened.

    And the market gapped up.
     
    #21     Oct 4, 2020
  2. SunTrader

    SunTrader

    Then down. Mostly sideways since.
     
    #22     Oct 4, 2020
  3. Didn’t u guys get the memo? STONKS ONLY GO UP!
     
    #23     Oct 4, 2020
    formikatrading likes this.
  4. Dave Portnay sent me the memo when I bought Penn and ERI-CZR during the Crash! He’s my hero, not really.
     
    #24     Oct 4, 2020
  5. i traded czr, penn, and dkng back in aug when it hits my signal and my criteria. all were winners to me.
     
    #25     Oct 4, 2020
    TrailerParkTed likes this.
  6. ET180

    ET180

    Russell still looking really bullish, but stopped at prior high from middle of September.
    RTY.png

    NQ recovered, but failed to break Friday's high. Still looking weak. (Note the dates are off on the chart, need to fix that).
    NQ.png

    S&P got stopped right at last week's highs. Maybe it can break through later in the day. Otherwise, probably sideways to down.
    ES.png
     
    #26     Oct 5, 2020
  7.  
    #27     Oct 5, 2020
  8. piezoe

    piezoe

    In Response to JSOP, marc82much posted this reply.

    The 25th Amendment IS the Constitution. It cannot, by definition, be unconstitutional. All of the Amendments become part of the Constitution once ratified. If they are in conflict with wording in the original document, the Amendment supersedes, i.e., takes the place of, the original wording. For example when the Constitution was signed, Senators were to be appointed. This is in conflict with a later amendment that specifies Senators are to be elected. The later Amendment prevails.

    Having said this, even when the Constitution seems crystal clear, and its correct interpretation seems unquestionable to the average person, the Courts may take a different view. And, or course, in our everyday lives the Constitution is regularly trampled on. But we are inured to that.

    Most of us would have thought that our Constitution is about individual human rights and their protection. But this turns out to be naive. For example, who would have thought that Corporations are guaranteed certain rights under our Constitution. But it Turns out Corporations have at least one of the First Amendment rights you and I have. And who knew?, until five Justices told us so.
     
    Last edited: Oct 5, 2020
    #28     Oct 5, 2020
  9. Today was strong, no doubt. Lets see if there is follow through tomorrow.
     
    #29     Oct 5, 2020
  10. maxinger

    maxinger

    Aways trade

    based on what the chart says,

    Not based on prediction.
     
    #30     Oct 5, 2020
    KCalhoun likes this.