The Mine That Bird of OTC traders.. also the greatest trader you've never heard of.
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Forbes had Bankman-Fried, Theranos girl, Silicon Valley Bank & some other wanker on their magazine covers. That should tell you all you need to know about what a total scam the entire system is.. and what bullsht artists most public figures truly are.
That said, when the system is a scam anything can happen. I went short via the SOXS as soon as Silicon Valley Bank was seized by the FDIC on Friday. After seeing the games that were played with the futures over the weekend I took profit early Monday figuring they would use CPI for more games. I personally believe they are going to sell most people down the river and let inflation run wild. We shall see.
I am safely in cash right now waiting for my next move.
All IMO
AWESOME! This sidelines, sideways crap has been boring as hell. Hopefully you are right and it's almost -> GO TIME!
All IMO
I dunno, there were some pretty demented freakshows at Davos this year.
All IMO
Well that sucks. I'm like 600 feet above sea level but relatively close to the coast. Maybe the Poseidon will be a dud if it were ever launched and only make a 300 foot wave?
Watching the national markets closely now as we slowly approach the 4200 gap zone on the S&P.
All IMO
I learned a lot by observing / studying him back in the day. Unlike some, I also enjoyed his personality and -> banter with Flex . Glad to hear he's still alive!
That's why I wore a mask. I concluded that if I could make it through the early waves, then the virus would eventually mutate into something more like what it is now. People knew the risks with the virus, but were lied to, publicly smeared, and faced a pressure campaign that included signing away any legal recourse for an experimental immunotherapy.
That's what is unacceptable.. and I believe it was all about money for big pharma and a major crime.
All IMO
Not a joke or an exaggeration.
This was my -> second cousin
I only met him once / never really knew him..and believe he was "pretending" to be woke (as I certainly am not) ..but he died last year, along with a kid I knew in high school who became a radio personality, and our local garbage man who owned a rapidly growing business.
I wore a mask during the Alpha and Delta waves but NEVER got the vaccine. I will NEVER forget the lies that were spread against the unvaccinated. People seem to be completely brainwashed though, so I really don't know if we will ever see any accountability or truth with anything.
On a side note, had to deal with a health issue with father for past couple of months, but I'm now back in stock universe action focusing on OTC tickers , Indexes, Nvidia and commodities! Have a good evening.
I think he's going to wake up one day, get annoyed with something and just turn it off. He's capable.
IMO
Yup. I was thinking in terms of the type of left-wing wackos we probably have at the highest levels of federal govt & the education system, but I understand what you're saying as well. Rising rates to pay interest on all that debt too!
IMO
Glad he lifted the rock so all could see how bad it really is. Now imagine what's going on in our federal agencies and education system.
IMO
If a railway strike happens, then that should save some diesel. LMAO
IMO
The scenario I described earlier may be exactly what is playing out, but I'm still being extremely cautious with the upcoming elections & clear BS going on. January on should be fun!
All IMO
This market is complete BS! I went short the Dow a few minutes before 4pm yesterday and held for most of today before closing my position while I still had some profit. This market IMO is completely rigged, & I was uneasy about holding short any longer with the upcoming elections and knowing there are still Wall Street forces out there that want a continued rally..
OTC is far more honorable than the national market.
All IMO
Nasty candles on the charts at close. I used to like Mike Santoli, but he really sounds like a clown right now!
All IMO
Dow index still trading like a penny stock an hour into this nonsense!
What a sh!tshow! Thankful I decided to stay on the sidelines for this nonsense. I wanted to short the Dow so badly.. and I still do.. but OTC looks like the far more credible exchange to focus on at the moment!
All IMO
Thank you. Had a bit of a weird dream that my parents decided to stay in their old house unbeknownst to the new owners who were away on vacation (probably b/c I had cheese macaroni at midnight) but otherwise had a great night's sleep.
If the market continues to rally, then I may just focus on the OTC for now, but really want to short the Dow eventually if the opportunity is there. Let's see how Fed BS day goes.
P.S. Check out the SPY forum, you'd be a great addition there!
All IMO
Look at the chart. Dow is already back to the 200 day which has been the top of the downtrend line. I am also watching the gap fill at around 33,600. Nasdaq & S&P are still beaten down, but if they reach their 200 day averages the Dow will likely overshoot to the upside. It's really whatever direction the "powers that be" want the market to go. We'll see how it all plays out.
Thank you. Going to bed now.
All IMO
I'm OK.
Have my one
-> Ross Chastain OTC play..
& sitting on a pile of cash waiting to short the Dow once this rally runs out of steam. Has to be soon based on charts unless we're in the midst of some crazy melt-up. We shall see.
Happy Halloween and have a good evening.
All IMO
Now the indexes trade like pennies! I think I'm going to go #oldschool & short the DOW once this rally finally runs out of steam.. if it hasn't already. We shall see..
All IMO
Some of your videos (like the one on 10/20) are frigan awesome! You need to be on CNBC! LMAO I've been watching this one as well.
Keep up the great work!
All IMO
Same. I'm not playing the recent bounce here b/c IMO there's too much risk to the downside. It's just a question of when the bounce runs out of steam. (now, the 50 day, the 200 day, etc.) I do believe any next leg down will be the most dramatic and volatile thus far.
Sticking to the OTC while I wait..
All IMO only.
OK, for a plausible scenario I'd say S&P to 4000 by election, followed by some slightly upwards channel trading.. and eventually new lows after January.
Now if you want crazy.. I'd say straight on melt-up to 5000+ by January.. where individual traders & Wall Streeters basically say F the Fed, pip-squeak Powell, all the nonsense talk & inflation itself.... and the market just explodes north.
Then, from January-March.. we have a massive crash from S&P 5000+ to s&p 1900. Think of this as a conservative version of that David H Contrarian guy's forecast. This would be a pretty cool scenario if it actually happened & were timed right.
We could always simply fizzle from here to s&p 3000-3200 followed by a post-election bounce to 3800 by January before another leg down.
These are my three contest entries.
All vague conjecture & opinion only.
I view Jamie Dimon as a contrarian indicator. Literally.. whenever this guy makes a prediction the exact opposite seems to happen. I was expecting a big green day after his recent comments. Let's see how long it lasts.
All IMO
Agree. Long term, the bear market will not be done until we have some limit down days with trading curbs.
Short term could go either way. That said, I usually don't take any national market positions before 2pm.
All IMO
If this plays out like 2000-2003, then we will have more than one major bear market rally back to the 200 day. We've only had one so far. (June - August)
If we set a new intraday low, then I wouldn't be shocked to see a rally that is much bigger than people are expecting before the real plunge commences. This would fit well with the October surprise bounce scenario,
We shall see & all IMO only.
LMAO, one thing I can say for sure.. the weak Dems & Joke Biden will never successfully postpone the midterms.
Another scenario just randomly popped into my head! We hold or slightly breach June lows here, then a surprise October rally to the 200 day, followed by a trip to 3200> in November and December when everyone expects the market to be good.
Just one more possibility.
All IMO
Maybe a little early butt cool to see you here! I'm familiarizing myself with this ticker and will be adding it to my repertoire, along with a few others, for the remainder of this market event.
All IMO
Very oversold short-term so we should (never any guarantees) see a technical bounce soon. I'm not chasing here regardless.
All IMO
Would like to see one last solid bounce to the 3950 - 4186 range before a real plunge in October. Tried a quick short today but closed almost immediately. Will wait for a better entry.
All IMO
Disagree. Many people say that if the time ever came, "rational" people in Russia would stop it. Well, think about how many "rational" & "educated" people, including some very high ranking military officers, have already followed this guy's orders straight into oblivion. I don't discount anything these days.
All IMO
Yeah..
That's one of the reasons why my overall strategy is to bet against these people. Many idiots in the Govt & the media still pushing insane policies & agendas.
IMO
LMAO ..well that sucks! Glad I don't live in a major city.
I still see a final low of 1900-2200 in 2023 after any year-end rally.
One possible scenario anyway.. IMO
I should be rooting for a bounce for a better short reentry, but I'm so sick of this slow motion crash. Want to get it over with a see a solid new low.. and then a big rally into the new year.
All IMO
Think of what a mess it would be if he raised by a full point & then gave a dovish speech!
All IMO
Chartwise, the stage is set for both a large rigged bounce and a fall to new lows. I'll be ready either way!
All IMO
Seems to be mirroring the market now rather than trading as a forward indicator.
I took my profit around 3pm once the Dow reached +100. Had a feeling they would run it into the meeting, but I'll be ready for whatever market BS happens on Wednesday.
The S&P should have filled the gap in the 3700s by now, but we are trading against IMO rigged algorithms.. so logic and rationality are out the window. This was my second best short trade so far. Getting comfortable with the indexes now!
All IMO
It's back above 20,000 again?! @#%^^&!