General Trading Chat

[Riskyman]

I am not an fundamentalist too but the way market is falling feels like it will hit bottom much sooner rather than later now because after 9100 the way 7900 is gone, is a complex correction and feels like a final down move........... Can't remember the exact words used to call this situation, is it capitulation?........ I think it is.

About America unless and until dow is going to new lows below 2009 lows, it feels like a flash in the pan too, because the bear market generally ends like this, not start like this kind of free falls

Around 6500 in Feb-mar 2009 if I remember correctly. Are you saying that we have to go below this to make a bear market??

 

[nifty trade]

Around 6500 in Feb-mar 2009 if I remember correctly. Are you saying that we have to go below this to make a bear market??

No, I am saying it's a correction in a bull market, probably, a correction is a bear market of short duration.

I may be completely wrong though

 

[Riskyman]

No, I am saying it's a correction in a bull market, probably, a correction is a bear market of short duration.

I may be completely wrong though

Yes you are right. Our own markets look like are correcting in a bull market at the moment. if we assume we went up about 2800 points from 6300(breakout) to 9100. So a 50% retracement of this falls around 7600-7700 levels. Its not uncommon to see a retracement of 50% in bull markets. Think going below 7200-7300 odd levels will be a cause of concern for the bulls.

If you measure the move from the lows of 4500 then the 50% retracement would fall at around 6800. Some would say this is how measure it. Although there are no fixed rules, i would say each one to his own.

We are traders bro. we are living one day at a time. At best 2-3 days. So lets see what the market does.

 

[candle]

This is what Van Tharp shared on his facebook on 21 Aug.

 

[Dax Devil]

This is what Van Tharp shared on his facebook on 21 Aug.

Just a typical either-or verbose from rip van winkle. Chart is god, period.

 

[candle]

The Aam Aadmi on this planet today :

 

[candle]

Spotted Ravi bhai alongwith some others during market hours:

https://pbs.twimg.com/tweet_video/CNKubdIUEAEED_a.mp4

 

[jagankris]

The Aam Aadmi on this planet today :

But few presstitutes of ET Now Ayesha,Manisha and 3 more all of them were smiling,laughing while talking about the fall.

At least Udayan Mukherjee used to show a sorry face during such huge crashes/gaps.

SGX Nifty at 7662.

 

[vijayanscbe]

 

[Dax Devil]

The Aam Aadmi on this planet today :

But one man will never look like this. Joby. The 10th pass baker from cochin. The guy's genius is this that he trades the market all the time but never invests in it.