iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,678 Blog Posts

The Entire Market is One Giant Head and Shoulders Pattern — So I Bought Triple Upside China at the Close

Trump is angermented over the Fed weaponizing interest rates. Good luck seeking change there.

The main problem with stocks is small caps, evidenced by weakness in Russell. It should be noted, the Exodus Quant saw this coming and is position in $100b+ stocks.

The manner of this decline is deleterious and bound to hurt the bullish feelings of optimistic traders. To get a true bottom, we require panic and then apathy. This decline is different from the others, because of its stubbornness.

I stepped in at the bell and bought YINN, hoping for a sharp rebound at the open. I use the word ‘hope’ deliberately because no one really knows when the selling will stop. The only thing we can control is the methods and manners of playing the market. I choose to do it carefully and with discipline; but when I buy the blood, as is the case now, I do it with zeal.

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5 comments

  1. it is showtime

    Uh cuz Zirp

    induces

    Bubble cycles

    as-i-unwaveringly-said-provides-illusionary-andfleeting-wealth-i-e-Fake

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  2. soupbone

    The Federal Reserve would like their money back, sooner than later. Trump is another President but just that for a while.

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  3. one-eighty

    The US is just like Jonestown. A leader who spews 70% nonsense and a populace who have taken leave of their senses.

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  4. ferd

    I like it. I’m long AIA (I prefer gnads in shorts when speed chopping) and have been picking up some individual Chinese names that are showing hints of support – names that I hope will turn into investments.

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  5. moosh

    Thanks for AIA. I’ve been pushing into VWO, but AIA is more pinpointed. What are your top three individual Chinese names now -vips, jd, baba?

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