AI
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Monday, May 23, 2022 11:11:53 AM
2b - Yes. I still believe we're headed for new 52 week lows in the coming days/weeks, before we see any positive move. The push down will continue until it's stopped. There is no telling where the bottom is. Many think it is around 06, because we seem to go back up from there, but that was when the RSI was sitting in the 18's. It has since been stabilized leaving plenty of room to continue the longest push down I've ever endured. Also, if you watch L2, you'll notice that anytime we seem to be moving up, we're always just one tiny bid-whack away from going back.. That is because without retail buying pressure/volume, bid support is non-existent.
Very unlikely that anything impactful will be dropped this week and/or next week. Don't usually see BIG news around Holiday weeks. I personally am expecting Charles to maintain muzzle-status until September/October.
Volume/Buying pressure is the only remedy, and the only way we see that is:
1. Charles drops something significant. PR about IPF retailers and/or Amateur "podcasts/interviews" are not it. I expect the Hicks "podcast" to be informative, but just more of the same and/or in other words, tell us more about the future. Don't misinterpret this as saying either is bad, I'm just suggesting that neither is anywhere near enough to bring the volume we need to officially break out. If I had to guess, they'll probably tell us that more exciting times are coming in September/October, which I'd interpret as we're in for rough summer.
2. See #1. Without it, nothing changes...
Like I've said before, I believe the first signal that we are officially breaking out groundhog day will be when STXG is completely gone from L2. Until that time comes, the push down + daily "cliff-drop" before 10:30 EST each day is inevitable.
We're left with 3 options.
1. If you still believe and have the powder, keep adding.
2. If you don't believe and/or think Charles muzzle-status will result in somebody beating us there first, sell & move on.
3. Hold tight.
I'm sitting at #3. I still believe, but watching closely. Also curious as to how the new "Monkey Pox Plandemic" and/or fear-campaign will impact us? Very "strange" that NTI wargamed monkey pox back in March 2021 and in that wargame, monkey pox was "hypothetically" released on May 15, 2022. LOL....
Have a great day... No need to watch any more of this today...
$ENZC
Very unlikely that anything impactful will be dropped this week and/or next week. Don't usually see BIG news around Holiday weeks. I personally am expecting Charles to maintain muzzle-status until September/October.
Volume/Buying pressure is the only remedy, and the only way we see that is:
1. Charles drops something significant. PR about IPF retailers and/or Amateur "podcasts/interviews" are not it. I expect the Hicks "podcast" to be informative, but just more of the same and/or in other words, tell us more about the future. Don't misinterpret this as saying either is bad, I'm just suggesting that neither is anywhere near enough to bring the volume we need to officially break out. If I had to guess, they'll probably tell us that more exciting times are coming in September/October, which I'd interpret as we're in for rough summer.
2. See #1. Without it, nothing changes...
Like I've said before, I believe the first signal that we are officially breaking out groundhog day will be when STXG is completely gone from L2. Until that time comes, the push down + daily "cliff-drop" before 10:30 EST each day is inevitable.
We're left with 3 options.
1. If you still believe and have the powder, keep adding.
2. If you don't believe and/or think Charles muzzle-status will result in somebody beating us there first, sell & move on.
3. Hold tight.
I'm sitting at #3. I still believe, but watching closely. Also curious as to how the new "Monkey Pox Plandemic" and/or fear-campaign will impact us? Very "strange" that NTI wargamed monkey pox back in March 2021 and in that wargame, monkey pox was "hypothetically" released on May 15, 2022. LOL....
Have a great day... No need to watch any more of this today...
$ENZC
