Ralph has been looking at charts for fifty years. In his words, he’s never seen such charts in all of his years, whereby the ‘foot soldiers’ of the market led the Godfathers higher. Normally, it’s the other way around–but I digress.
He’s very bullish. He’s looking for a fucking breakout to the upside, because everything is breaking out and looking good on the charts.
But is this rhetoric true?
The market is higher by about 7% for the year. According to Exodus, here is the breakdown of median gains categorized by market cap.
Over $50b: +11.6%
Between $10-50b: +12%
Between $5-10b: +13.3%
Between $1-5b: +13.1%
Between $500m-1b: +11%
Between $250m-500m: +9.8%
What do you know? Ralph hit the nail on the head.
Interestingly, the SPY is higher by 8.5% and the QQQ is lagging, +5.8%
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Ralph ‘MakeYA’ Pora is a blind squirrel
Just don’t zoom out.
the godfather of charts is a blogger on your site. Please see:
http://ibankcoin.com/option_addict/
Tptb are setting up for november. They can crash it if they want to react to or produce certain scenarios. Obvious
[The aggressive zealous hyper hold in place programming on every single post brexit trading day is screaming it]
Post Brexit tape. The tape died and has been regurgitated into God knows what. Rainman or that Man in the Iron Mask. Some voodoo going around. Could go either way. Big league.
I did not listen to the entire call. Did Acampora say “best”? If so, best for whom?
Sad to hear him say “if I may get very, very technical” and then mention Bollinger Bands.
I realize this is a TV audience, but wow what a dumb-down.
Potatoes.