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What do you think will happen at 447? Will options magically become easier to trade? LOL
Holding well above the days lows so far, unless something drastic happens here in the last hour or so, this might just fizzle out...FLAT.
INO - One Giant do-nothing Ponzi scheme...as always!
I calculate 12 trading days in the current channel; lets see what tomorrow brings.
I think we are surely setting up for $450 very soon - too much free money floating around - and like USDollar says, this channel is going to break very soon...just looking for a catalyst, like say, an infrastructure deal??
Technical is subjective also depending on the timeframe, would you agree?
If one relied 100% on a single technical time period, then they would lose as much as win, and be well, neutral
We all have failed forecasts, I didn't put him on a pedestal. He did however more accurately provide a long-term forecast that was more accurate than what anyone else has produced in 7+ years of reading this board.
If everyone was perfect, we'd all be billionaires.
Thank god the stock market doesn't operate on news, that is good to know going forward!
What a waste of time that would be reading press releases and such...
LOL!
For the record, Net Neutral was the only one who gave the forecast to where we are today.
Drawing lines is again, only representative of what has already happened.
Price gone in one side of d50 will remain on that side of d50 no matter of people's opinions, causes, or wishful thinking..
Really?
LOL...so the FED has NOTHING to do with current situation? It was all a handful of "technical traders" who willed the market back up?
If technical trading was that black and white, then EVERYONE would be a billionaire.
I guess the FED said "well, that gosh darn D50 is slipping, we better back on the right side of it so technical traders are right"
LOL! It does sound awful silly when you say it out loud!
There are MANY factors that go into the market, you can't have it only one way my friend.
The D50 would never have been lost WITHOUT the Panic Selling, that's factual.
There was no cause for alarm at the time.
Having one has to directly correlate to the other, despite what you believe.
Your technical glitch was cause caused by the panic selling related to the news of COVID, not panic selling caused by losing the D50 for zero reason.
I didn't see any media types saying "Well folks, looks like we lost the D50 on Wall Street today, expect a 200 point drop because of that technical, non-news related basis"
Ok...if that's what you need to believe :)
Although a March 15th, 2020 post about basically nothing is not a strong prediction IMO...
But, if it helps people sleep better at night thinking they know it all, more power to them.
I wholeheartedly disagree; the plunge last year was completely news/covid related. The ONLY reason the D50 was lost because people literally thought they were going to die and were liquidating their holdings.
Point to anything else that caused the plunge, ZERO technical forecast was available.
Now, the super bull market is mainly Hyper-inflated FED bucks trying to reassure the middle class that won't happen again (although we all know it will).
Well, I guess that blip in March 2020 was a pure technical correction?
Bet -
Not.
News readily drives market conditions more so than technical indices in todays non-stop media circus.
Did Trumps "Tariff Tweets" have any effect on market conditions?
To not believe so is letting your guard down; one must take EVERYTHING into account an play how the market SHOULD react to any news that involves trillions of dollars of taxpayer money.
The market will go green if they announce a deal; Maybe they are saving it for tomorrow?
Robinhood 3 PM sell orders kicking, shorties thinking they've "got it figured out" this time...LOL
Big GAP Monday
Gambling addicts don't move the market; only big money moves the market. Volume is low because there is no reason to sell. Everyone is holding waiting for more free gains.
Just wait until the stimulus bill (sorry INFRASTRUCTURE Bill) gets done by Monday.
No doubt you thoughts and words are completely credible and on point, it's just that reality doesn't exist for the time being.
Doesn't matter to the players who move the market; it's going higher whether we agree or not.
Shorts thinking this is the top; they will get burned again next week as we march to $450
Literally every vehicle has an on board computer of some type...even the dura sparks' from 70's was a type of OBC.
SPY about to break out in the next 20-30 minutes?
Sold @ .87, I'll take that 37% Thank You much...
I picked up some $442 calls for today @ .64 on that drop, might see $443+ I think
Got banged for a 20% stop loss … hah!! Of course it’s going up!!
It is the original name of the company that actually developed most of the products WNBD sells today over 30+ years ago. It was "given" to Eric through the a shell and WNBD was born.
The products never sold, so they decided Eric was the "guy" who could make it all work...2 Reverse Splits later, no history of profit, and 99% share price drop since Eric took over tells the tale I suppose.
Good Luck.
There is not a big board stock more manipulated than Ford...LOL!
6-7 day range currently, will break one way or the other. Up or down?
Maybe a few false starts? $450 isn't off the table here in the next few weeks.
Neither is $425...
Given the "history" of Eric's "big deals", I wouldn't bet the farm.
Eric is a notorious deal pumper only to continually disappoint.
It's not about being right or wrong; it's about the historical reference Eric has left in his last 10+ years at the helm of a losing strategy.
He has always been 3 steps behind the curve, and always off mark.
He's a salesman, not a CEO.
Everything has a top...draw your lines and find it. I'd rather miss a little then get caught losing a lot.
Short and long term outlooks are always different, one should should be prepared for both.
Stay agile
Treasury to deploy 'extraordinary measures' after Congress misses debt ceiling deadline
"If Congress has not acted to suspend or increase the debt limit by Monday, August 2, 2021, Treasury will need to start taking certain additional extraordinary measures in order to prevent the United States from defaulting on its obligations," Treasury Secretary Janet Yellen wrote in a letter on July 23 to the top four congressional leaders.
https://www.foxbusiness.com/economy/treasury-department-extraordinary-measures-congress-debt-ceiling-deadline
Yep, nothing to see here....Everything is fine. Keep buying bloated stocks willy nilly after SPY has gone up over 200 points since March 2020.
Don't even worry about the REPO market... The US Government has your best interest at heart
Yep, nothing bad will ever happen... Unless the market decides to sell-off again like last March, but hey, the FED's got your back! LOL!
Good Luck.
Eric mentioned no reverse split several times years ago...before he reversed split.
AS long as the suckers keep buying, he'll keep selling, and show nothing for it.
Eric has already been through at least 10 billion shares; what has that accomplished for shareholders other than a 99% loss since Eric took over?
Good Luck.
Yep...the news could be the O/S is about to be maxed out and the Reverse Split will "need to happen" to "grow the company for shareholder value"
Just like the LAST TWO Reverse Splits.
Good Luck!
Inflation is the demon the media is silent on;
Protect built assets accordingly is my recommendation for the impending drop. We might have a tiny bit more up to ease the gradual decline that I suspect will happen soon enough.
It will be all politically motivated IMO; Markets will continue to support Biden as Democrats cannot suffer a losing market compared to Trump.
My assets are protected, all the daily/weekly options are for penny slot gamblers hoping to hit the bonus reel.
Inflation will soon engulf the country and those $15/hr "raises" will feel like $5/hr again when gas is $6 gallon and food prices double or triple...something HAS TO GIVE.
ALWAYS...a Flush before the next rush.
Trickle down has nothing to with corruption. The core principle works if it is not altered through stimulus, you know this.
Trickle down works marvelously, what doesn't is a corrupt Federal Reserve who keeps moving the goal posts.
All wages are "slave wages" unless you're in the top ten 10% of earners.