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(28-09-2022, 04:45 PM)sgbuffett Wrote: At least at the open you will see the selling pressure for S&P500 will be very high.
In the HK market buying is very weak throughout the day.
After the opening you will see if buyers will step in.
The fact it is going to break June 2022 lows today also will be a factor driving sentiment.
Just based on Fed carrying out planned interest rate hike alone the s&p500 will go to 3200....to be reasonably valued....
There is also a housing bubble in US that just burst.
This can get ugly quickly.
Our resident reverse indicator gets it wrong again
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(29-09-2022, 06:49 AM)p1acebo Wrote: Our resident reverse indicator gets it wrong again ![Rotfl Rotfl](https://sgtalk.net/images/smilies/Animated/rotl_s.gif)
You mean the Dow and S&P did not drop since April when I posted warnings?
The Dow escape for 1 day because one Fed official spoke to cool the panicking market....but nothing has change, it is just delayed
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(28-09-2022, 04:45 PM)sgbuffett Wrote: The fact it is going to break June 2022 lows today also will be a factor driving sentiment.
S&P had jumped 2% after touching 3600 weekly 200sma as I alerted yesterday.
And Dow had swung a freaking 1000 points from day low of 28850 to high of 29850.
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The dumping was temporarily halted yesterday due to some fed official making a statement and bank of England promising to stabilise UK markets.
Now selling starts again....and increasing pressure on Dow to sink.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(29-09-2022, 07:33 AM)sgbuffett Wrote: You mean the Dow and S&P did not drop since April when I posted warnings?
The Dow escape for 1 day because one Fed official spoke to cool the panicking market....but nothing has change, it is just delayed
Dow almost 500pts....gone case !
Those stubborn don't want to get out earlier will see US market plunge.
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