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Nope, it's OK. I'm no longer participating in the contest anyway.
I don't blame you.
All IMO
LOL, interesting commentary! I don't think the bounce is over yet, but I'm ready if it is. After I go short, I would like the S&P to just go to 3200 or > already!
I respected the queen b/c she was the real deal in WW2. If I were d-bag Harry's brother (glad I'm not!) the gloves would be off now with him & his pit viper wife for what they put her through these past two years,.
All IMO
This Spy contest was more fixed than twitter's algorithms! That's OK, I'll focus my energy where it actually matters.. on the stock universe battlefield!
All IMO
Changing the rules mid-contest to some vague midday "resistance". It was supposed to be what resistance level does the bounce end.
"WHO'S CALLING THE NEXT LEVEL OF RESISTANCE BEFORE THIS DEAD CAT BOUNCE REVERSES???? "
Clear as day.
IMO
BULL&HIT! This bounce hasn't ended yet. I called 4084.31 or 408.4 on the spy. This contest isn't over until the bounce ends. Even a red close today doesn't necessarily mean the bounce is done.
4084.31
All IMO
I'm taking about it being a leading indicator.. so yesterday's break of 20,000 support should have resulted in S&P breaching 3900 today. I thought it was at least going to 3850 this morning, but it didn't happen.
Never liked my entry yesterday technically, & only took the position b/c of bitcoin.
All IMO
May be a very short-term anomaly, but the market is definitely not following bitcoin's lead today! I got out of short position during noon dip. Had to be sure this bounce was coming before 3700!
I guess it lasted 1/2 a day! I went short the S&P today. I am ready to exit on any signs of a multi-day bounce based on daily oversold technicals, but I couldn't ignore the collapse of bitcoin support this afternoon.. and what it could mean for the market.
All IMO
Hoping 3850ish holds for a bounce back to 4000s.
All IMO
Yes, it's "usually" green heading into holidays too. Didn't even think of that! Hope you're right.
All IMO
Not sure who that is, but yes.. I'm thinking the main plunge happens more towards the 9th. We'll see..
All IMO
That's the hyperinflation scenario. I think the problem will be a recession with higher interest rates staying in place to keep things for getting to that point.
All IMO
I'm hoping for one last technical bounce before the main September plunge, but I feel like things could go either way.
All IMO
Closed my position for now. I will not miss having my investments tied to the CNBC halftime crew! Too much opportunity elsewhere currently.
Good luck to all.
Until next time!
All IMO
Thinking of closing my short position just so I don't have to watch CNBC anymore. Let's see if we get a real downturn in the final 30 minutes or more manipulated BS!
All IMO
I think your graphics are genius, and they make it easier to follow along. Almost like reading a picture book sometimes. Don't ever change!
Futures are complete BS this morning. Looks like more games ahead unless we get a big red day.
All IMO
From January to June everyone kept thinking the lows were in with each lower low. Now, many people think this next wave down, if it continues, will be slow and controlled like January -> June. I believe it will be much more rapid and dramatic this time around.
Watching to see if we reach 3923.87 , then 3836.73 , 3795.19 & 3694.30.
Of course (IMO) this is a highly manipulated & corrupt market.. so anything is possible.
All IMO
PFFFFFFFFFffffffffffffffffffffffffffffffffff this Bitcoin monitoring is getting.....
-> SUPER ANNOYING!
Wish 20,000 would fall already!
All IMO
Yup, my uncle owns over 100 bitcoin. He bought most while it was in the low hundreds, and he's held 90% of his position through the entire move up to 70,000 and back to 20,000. I think he's nuts, but he doesn't care and figures it will go back up someday when his grandkids are older.
At least he has a physical digital wallet. He doesn't trust keeping it online either.
All IMO
Thanks. I'm using it and oil much like tachometer & pressure gauges in a car.
All IMO
I don't like the whole digital wallet concept. If I ever trade this in the future, it would only be as a stock via an ETF.
All IMO
I finally have a real-world use for bitcoin. It is actually a great forward indicator for the future direction of the overall market.
All IMO
Up till now, I haven't been in the camp that believes we are already in a recession. Then I saw a graphic last night showing that we have never had a monthly supply of new houses at the level that we have currently without it meaning we are already in a recession.
If so, and the FED has to raise rates during a recession, then you could be right about Monday.
All IMO
If we get to 3523, then we'll probably continue on to 3217.96, or even lower if we have some type of black swan event. (which almost always happens midway through a major market downturn)
All IMO
Based on today's action.. it would seem 390 could happen next week. CNBC trying to pump now.
All IMO
Mission accomplished! Cruise control from here. Hope y'all are right about Monday!
All IMO
Exactly!
This is almost like Christmas Eve waiting for Powell's BS! What if we get runaway inflation from all the new spending, but it causes a huge melt-up? That's what happened in Zimbabwe & Venezuela!
OK going to bed
All IMO
Figured I'd pass this along to admin. Ihub user lowtrade -> https://investorshub.advfn.com/boards/profilea.aspx?user=47187 passed away in 2021. Some people were wondering where he went, so I did a search and found this -> https://www.bensalemowls.org/class_profile.cfm?member_id=784834
Thanks.
I forgot about the split today when I saw the ihub TSLA quote! LMAO
As long as the battery tech rapidly improves & is safe, then I'm OK with the switch to electric. I just got the last gas powered truck I want... and would be fine with an EV -> LIKE THIS!
I don't care what anyone says.. I like it!
All IMO
I have 421.85. We'll have to see how the day goes..
All IMO
I should add.. I am as prepared to not go long-short soon as to go long-short. I am also using oil and bitcoin as gauges for the potential future direction of the market.
All IMO
I really want to nail my next short trade so it goes way down right after I enter and the entire trade is completely stress free.. with a lot of potential just by letting it ride. I've had a couple of these and they are way more fun than when it starts going up right after you buy in!
Been studying the Russell 2000 tonight. I'm watching the 1920 area where it bounced. If we see a big up morning and then it starts to tank or breaches 1920 I may take a position in the srty.
Wish me luck & All IMO
Thinking of putting half of my portfolio into the SQQQ and the other half into the TQQQ just to make things more exciting.
All IMO
I thought it was going to test the upper .02s and then head on to new highs from a delayed reaction to the PR. LOL I was shocked when it breached .02 ..so can understand why some people might have panicked in the moment.
Horrible forum over there too. One of the worst I've seen!
All IMO
LOL, I was one of the people who sold today, but I got out before the afternoon collapse so I could always jump back in. Monday was like a dream with the PR, but the stock reaction was a dud.. & then it turned into a giant clown car. Not my favorite ticker at the moment and the forum is horrible.
All IMO
lol, & I've had plenty of missed opportunities with that other one as well! Great call on BMXI so far. Congrats, Zardiw!
You got it. Thanks!
Nope, missed it completely as well. The good news is almost every time I've had a huge winner, it usually happened right after a whiff like this. We'll get em next time!
All IMO