i know
i'm just ranting
calling bottoms is tough
i was a few days early i guess (well we'll see if we follow through on this)
has nothing to do with what i'm trading
i just have my tradable portion of my shorts off the table that i took off last friday and tuesday
i'll let you know when i'm jumping back all in
i'm just ranting
calling bottoms is tough
i was a few days early i guess (well we'll see if we follow through on this)
has nothing to do with what i'm trading
i just have my tradable portion of my shorts off the table that i took off last friday and tuesday
i'll let you know when i'm jumping back all in
40 minutes left. Not a single one of these rallies has held in the last 3 weeks (negative 200+ back to plus 100). I don't see what this should be any different.
Everytime there is a pump like this, there are a ton of sellers ready to send it back down even further.
Lets see what unfolds
Everytime there is a pump like this, there are a ton of sellers ready to send it back down even further.
Lets see what unfolds
this one seems serious hitman, massive viscous reversal, the others haven't been this strong
plus we already gutted alot of people and i was seeing signs of panic and we at a very oversold postion near term
one thing i think i was right on is that the upswings are more viscous than the downswings
nasdaq completely reversed now too
gives me more confidence we in a bear market
the upswings gives bulls hope to hang on and guts bears who got in down near the bottom
and when the next leg down comes it falls to lower lows
it will keep putting in lower highs and lower lows as we fall into the abyss in a very volitile manner
all bear markets act in this way
plus we already gutted alot of people and i was seeing signs of panic and we at a very oversold postion near term
one thing i think i was right on is that the upswings are more viscous than the downswings
nasdaq completely reversed now too
gives me more confidence we in a bear market
the upswings gives bulls hope to hang on and guts bears who got in down near the bottom
and when the next leg down comes it falls to lower lows
it will keep putting in lower highs and lower lows as we fall into the abyss in a very volitile manner
all bear markets act in this way
looks like a bottom and smells like a bottom near term
massive volume reversal candle put in
its not always bearish in bear land that said this could turn out to be a great opportunity for longs to liquidate some of their holdings
my guess on this upswing we could get to at least 1400 S&P before we roll over again and head for lower lows
massive volume reversal candle put in
its not always bearish in bear land that said this could turn out to be a great opportunity for longs to liquidate some of their holdings
my guess on this upswing we could get to at least 1400 S&P before we roll over again and head for lower lows
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by the way all this talk i'm making is pure noise (as far as what i'm doing with my personal investments) and should be treated as such, just having some fun
i'm not gonna get whipsawed around and will be keeping a bulk of much shorts (75%) on the table hell or high water
25% i'll move in and out of when i think we near term oversold and trying to predict a bottom (did that friday and tuesday)
i'm not gonna get whipsawed around and will be keeping a bulk of much shorts (75%) on the table hell or high water
25% i'll move in and out of when i think we near term oversold and trying to predict a bottom (did that friday and tuesday)
y my buddy who is a sharp bear and has alot more money than me just told me he covered alot more stuff earlier today as well
bottom line this is gonna be a viscous bear based on early indications
i like seeing huge reversal panic buying days like give me more confidence we in a bear
bottom line this is gonna be a viscous bear based on early indications
i like seeing huge reversal panic buying days like give me more confidence we in a bear
Is it a requirement to be divided bulls vs. bears? Can't I believe that the market is pretty fairly valued and despite vicious swings both ways for the next or or two we will ultimately be fairly flat? I see Dow swinging between 11,200 and 13,400 over the next 18-245 months with the other indices fairly similar. Then it moves back higher.
