If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.
The action today looks like bottom is in. It might take few weeks or months for market to get going and there may be retest but this definitely looks like end of the bearish move.
TQQQ and TNA are first choice in this kind of condition. For intraday trades I did AMZN, REGN , GOOG, TSLA, ABMD, LMT , BA , RTN, NVDA, BLK and it was raining money.
In initial bottoming process bottoming bounce dominate the action. You will see that today on thousands of stocks. Oversold stocks bounce back first.
In second phase the next bull move leaders start breaking out. As long as you use 4% b/o , $b/o, Low threshold b/o , and anticipation scans , all of them will show up in your scans. And if you follow the recommendations in Stockbee Newsletter you can profit from the next move.
Next 12 to 18 month will be very good period as deep corrections result in another bull move.
4 comments:
your V > V.1 condition is not good since tuesday was a half a day
"Next 12 to 18 month will be very good period" -- I doubt that but will see.
agree with oraclehelp. For same everything, this time it may produce different outcome, even though this was the condition back in Feb2016 which produced last 24 months bull run!!!! It is hard to believe same thing will transpire this time for same everything. Anyway we will see as we take 1 day/1 week at a time rather than few months as it should be obvious when it is in progress in real time what it is this time!
agree with oraclehelp. For same everything, this time it may produce different outcome, even though this was the condition back in Feb2016 which produced last 24 months bull run!!!! It is hard to believe same thing will transpire this time for same everything. Anyway we will see as we take 1 day/1 week at a time rather than few months as it should be obvious when it is in progress in real time what it is this time!
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