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Misc Stock Market

Usually it’s a great market with a 20 pt move in the Q’s over a quarter…we just got it in a day. Panic selling and than panic buying.

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Whereas NASDAQ’s current intraday point range today is by far the largest on record (at 860 vs prior record of only 656), it is nowhere even close to the highest intraday % range, which is at least the 17.4% of 4/4/2000. Today’s intraday % range is “only” 7.2%, well under half the record.

NASDAQ range today furthered the record point wise at 898 points! It was also the largest point change for any day by far. But that’s still well under half the record high intraday % range and about half the record high % change.
 
I mean as bad as this sounds, all we need is some worse news overnight. And the panic will ensue yet again. Ingredients are still there. This market just wants to be up and a lot of these new traders don’t know what it’s like to be drug down.
 
Yes I bought when would kisse the top of the downtrend channel. And of course it went up another $1.50. I’m holding though. If I die, I die.
Ahhh so it was lotto play. You could do well if we get bad news overnight, worst case you chuck it up as a lost bet. That's what I am saying about the 405p's I bought before Biden's speech lol. Sanctions viewed as having no real teeth and the market ate it up. Win some, lose some.
 
My investment portfolio is rather miniscule but my 2 cents is when Biden announced rather tepid sanctions the market reacted that this is going to be very short. Had we shut down Russian exports of oil then a barrell might be $120 now. Thats why i think the market turned around.
 
Even with todays epic move in the Q’s it’s still red weekly candle. tagged the 100wma.

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