I’m okay with letting stocks sashay back and forth, tricking investors and traders alike, until 3 o’clock. I do not want to be a seller today. The overwhelming prognosis from experts everywhere on Twitter is to fade the rally. Therefore, I will fade them and buy the bell.
Big up days always scare the shit out of prospective longs. It’s the follow thru day that makes them believe, pile into stocks, and completely and thoroughly annihilate short sellers.
I will likely allocate half of my cash today, amongst a series of names, then call upon a sundry of Voodoo physicians to conduct seances to call upon the dead, perhaps Jay Gould and JP Morgan for starters, to help offer counsel during these arduous times.
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Does $ES fail at 50%, 61.8%, or 78.6% fib? My money is on the 78.6% fib, around 2000, which aligns with a former channel bottom.
Shut the fuck up.
Lol – Fib analysis! When grown men get to make drawings again
We’ll see. This voodoo has a way of working out due to sufficient volume from algos that are tuned to it.
Dr. Fly – any idea why JP is so pissed in that pic?
A camera man was taking a photo without permission
A warrented reaction. Thank you.
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If … IF we sell into the CLOSE are you still a BUYER ?
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Yes
TY !
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What happened to “bottoming is a process”? not trying to antagonize, honest question. seems like we’ve spent months working down to break through key technical levels…..would a bottom really form this quickly?
I never said this was a bottom
it’s a bottom, not the bottom, right?
Would one be justified to suppose the remaining half would be allocated if/when we see further weakness?