| StockFetcher Forums · General Discussion · Let's Play "The Falling Knife" Game | << 1 ... 7 8 9 10 11 ... 17 >>Post Follow-up |
| Mactheriverrat 3,178 posts msg #157649 - Ignore Mactheriverrat |
9/24/2021 10:21:04 AM Well this morning ZM broke below that support line I showed. I said it could as in might be a bottom. It failed. |
| Cheese 1,374 posts msg #157655 - Ignore Cheese |
9/24/2021 4:33:57 PM Both of you are long-time members and experienced traders. On the daily time frame, karennma was right about continuing ZM weakness. Mactheriverrat was right about ZM support taking shape around 267 - 271 levels on shorter time frames. Intraday, the bounce was $4 to $6 up within a matter of a few hours early this morning Sep 24, 2021. Maybe a ZM bottom will form on the daily time frame next week. |
| Cheese 1,374 posts msg #157658 - Ignore Cheese |
9/24/2021 8:11:11 PM In my mind, I've been trying to reconcile karennma's market views and the market's price actions. I remember Dejan as a regular contributor to StageAnalysis.Net Dejan used to post his manual count of Stage 2 stocks among the S&P 500 and used that count as a surrogate measure of market strength. Unfortunately, his posts have stopped at the end of Dec 2020 and StageAnalysis.Net is now a paid service. If Mactheriverrat is still a registered user of StageAnalysis.Net perhaps Mac could tell us the latest market studies by Dejan or isatrader. Thanks. |
| karennma 8,057 posts msg #157659 - Ignore karennma |
9/24/2021 8:25:28 PM @ Mac & Cheese, (no pun intended .. tee hee hee) That's a good idea, Cheese 'cuz as you know, all my bad calls are posted here and this might be one of them. 😈 (and yes, I see ZM made a small bounce off of 269.) |
| Mactheriverrat 3,178 posts msg #157660 - Ignore Mactheriverrat |
9/24/2021 9:01:13 PM ZM - Next support 225 |
| Cheese 1,374 posts msg #157661 - Ignore Cheese |
9/24/2021 9:02:04 PM Thanks, karennma Actually, I think that your market views were very wise. The price drops in the first two days this week appeared to break a short-term trend. On top of that, there were US fiscal and monetary policy crises, and China Evergrande crisis, so things could have ended badly. I suspect that market breadths might be quietly deteriorating even as market indices moved up. |
| Mactheriverrat 3,178 posts msg #157662 - Ignore Mactheriverrat modified |
9/24/2021 9:03:49 PM ZM - Next support around 230 to 222 area I don't see anything that stops this falling knife.  |
| Cheese 1,374 posts msg #157663 - Ignore Cheese |
9/24/2021 9:04:04 PM Thanks, Mactheriverrat I think some Weinstein folks might say ZM is in Stage 4 on a daily time frame but I don't have any links. |
| Mactheriverrat 3,178 posts msg #157665 - Ignore Mactheriverrat modified |
9/24/2021 9:17:28 PM Yes to the stage 4. Even Gerald Peters Money flow it would be stage 4. I was watch the support for it might hold for a stage 1 of Gerald Peters Money flow but it didn't.  |
| Cheese 1,374 posts msg #157666 - Ignore Cheese |
9/24/2021 9:22:51 PM Thanks, Mactheriverrat |
| StockFetcher Forums · General Discussion · Let's Play "The Falling Knife" Game | << 1 ... 7 8 9 10 11 ... 17 >>Post Follow-up |