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Re: Lostcoastkid post# 13154

Tuesday, 09/14/2021 2:42:58 PM

Tuesday, September 14, 2021 2:42:58 PM

Post# of 18643
RE: The chart is broken? I don’t even know what that means. If it goes up too high does that mean it’s also broken? You know way over the 50,200 day.

Anyway, I think I’d be looking for the wedge break before anything else, and your right in will take more than a relief rally to clear the moving averages.

RE: head into a bearish stretch in the overall market. It’s a point worth making. I think a correction will come but I’m a ways away from seeing a bear market.
It should also be mentioned this sector is already in a bear market, has been for a while. THIS IS IT.

The congress along with Powell will have a lot to say with the overall. There are catalyst’s also in play for this sector thru congress as well, i.e., the More act being reintroduced and likely to be throw in to one of the several bills coming up for vote.

But at the end of the day, right now this sector is in a bear market, it is out of favor, as are growth stocks in general.

It’s ok, I’m not much for buying when the stocks are high, that’s usually when I’m selling. I also think the time frames I use are far longer than yours. IMO