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Strategies & Market Trends : Point and Figure Charting
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To: Ms. Baby Boomer who wrote (32667)1/20/2020 11:56:07 AM
From: Underexposed6 Recommendations  Read Replies (2) of 34811
 
The Bearish Dragonfly Doji on the S&P 500 Intraday Chart is in plain sight...

HAHAHAHA..... If you read my post you will see I mention that that doji you mention was the closest thin to such a doji.

Here is my comment to refresh your memory
Do you see a trend in your chart like the one in the circle???? I don't ..... the only candlestick that looks like that doji in the definition is the second on of the day (Jan 17). Obviously that did not portend anything bearish longer that the next 30 minutes....nothing more.
A bearish dragonfly doji is supposed to warn of a Bear reversal RIGHT AWAY.... and what happened?? The share price breached the resistance in a bullish way .... not a bearish way.


That was not a Dragonfly Doji... the setup was all wrong.
The problem with U Permabulls is all U see is UP....
HAHAHA.... are you reading challenged????

I did not say the index was going to rise forever.... in point of fact I stated what I would look for in the charts to suggest the end was in sight.... I will refresh your memory again....maybe you will read it this time.
Certainly the S&P500 will eventually falter but since the index is at an all-time high it is hard to predict when. World conditions certainly affect stock market performance but so far all three major USA indexes agree... the market is still bullish....

I doubt you will see a plummet of say 10-15% in a single day....probably what will happen is the share value will stop at some height....rise and fall in a consolidation period and if it is going to fall it will drift negatively in that consolidation

My Trigger charts do not show such a hesitation at all
To paraphrase your comment .... the problem with U Permabears is that all you see is down and as a result you will miss many opportunities.


UE
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