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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (53207)	9/28/2020 2:07:45 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69852

Technicals less relative than normal as we enter earnings season. It will be all about the guidance. Expect more volatility than normal. We have already seen that 3 to 4 day patterns are not playing out consistently. Rationale for 3 day pattern: Day 1 wall street professional traders hear the news and are able to evaluate it and react Day 2 individual traders hear the news from end of day news the day before and react Day 3 late comers react - last traders to get out after financial press publishes opinion articles Depending on how widely held the stock there could by a day or two more of selling as shock and awe will have paralyzed some individual traders.