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Re: sentiment_stocks post# 271596

Tuesday, 03/17/2020 10:12:34 PM

Tuesday, March 17, 2020 10:12:34 PM

Post# of 700282
Haha yeah senti I was thinking of you when I wrote that. :) Your chart is old, but familiar. I lean more on fundamental analysis, but I’ve learned to incorporate Elliott Wave and Fibonacci ratios since all the algos are using them, and so much of the modern trading follows the patterns. I follow an EW trader who has been remarkably accurate, and says that we are in the 4th wave decline (which I also believe was delayed possibly due to the tax stimulus) but he believes there will be one more wave higher to at least 4,000 before the big drop.

The lessons that should have been learned from 2008, unfortunately were not. What the Goldman Sachs and other investment banks actually learned is that they can use extreme leverage and take massive risk without significant personal consequences. Few people understand how close we are to another financial meltdown. (I know for a fact the big investment banks are again leveraged to the hilt) Wanna see a truly frightening chart?

https://twitter.com/Schuldensuehner/status/1236709336921104385/photo/1
Volume:
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Total Trades:
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  • 5Y
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