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Well, tomorrow should do most of the heavy lifting following the CPI, provided it comes in favorably. We can easily see a 100+ bagger tomorrow. If that's the case, 4100 is the OBVIOUS target (and then maybe another 50 points on Friday to end the week at 4150 as you suggest.) Keep them fingers...

No, this is the real deal. Remember this chart? She's heading for 4300 (or higher). Yeah, crazy, I know.

So what do have for the price target tomorrow? Let's bounce some numbers around. This is the part that I like the most about this thread. :D

And she will be closing the show on a high note. Booyah! Anyway, unless we sell off hard overnight, which I highly doubt, all the stars are pointing north for tomorrow. I even have a feeling that *they* somehow know something about what's to happen with CPI. It's like those inside trading thingy.

That's right. Often imitated but never duplicated. :thumbsup:

That was my logic as well but it sure didn't happened that way. I think they're bent on going helter skelter, unless this turns out to be a bull trap, which I doubt.

Yeah, you gotta be selective on who you want to rub elbows with. ET can be broken down into 3 groups. There are those who make calls. Then there are those who post DELAYED trades. Then there are those who post trade in REAL TIME. Not that I like to brag or anything (I mean I'm such a humbling...

Can we just look at the bright side of things and ignore the bad? We're all here to have good time, no? I, for one, know that I brag a lot. But I do it more out of jest to entertain (mostly out of boredom) than to take some imaginary credit, if that means anything. I'm sure @SunTrader is the...

Refer to this link. It covers the basic essentials: https://www.elitetrader.com/et/posts/5745479/ But the most important PA any noob should become acquainted with is the concept of HIGHER HIGH and LOWER LOW. For a refresher, take a look at this video:

Man, if you have to resort to using indicators or oscillators, you will never be able to pinpoint exact reversals. It will be an approximation at best, and late-to-the-party at worst. By the time you jump in, provided it's a strong trend, you would be missing a big portion of it. If it were a...

Powell could have done a better job by at least not doing another round of QE. On the flip side, he could have started sooner with smaller consecutive rate hikes. That would have resulted in a better shape than we are in now. It's always too little too late with them, followed by some friggin'...

Oh, so you were that drama queen. :D

That's why I keep coming back. Trading is a lonely endeavor. I've been here since 2007 and I think the only survivors left are me, @Buy1Sell2 and @Spooz Top 2. In another 15 years, most of us (yes, you) will be gone as well. So make the best out of it when you can. :)

Probably not. I have over 11,000 posts to my name and most of the posts regarding hyperinflation were haphazardly strung together with other comments, so it wouldn't make sense to sift through all those posts just to find what you need. But the thread that was previously mentioned above is like...

Be very careful with nootropics. They're quite potent and can damage your liver.

Think in terms of PROBABILITY. If it should be trendy but it's not acting like it is, then it usually means a reversal is probable. Trend is like a tree trunk while the pullbacks are like the branches. Even though you can cut individual branches, once the whole trunk is cut, no branch can survive.

In fact I, along with others here, have been bitching about why Powell was dragging his damn feet when even a little kid could sense that price was out of control. I argued at the time that there was no need to wait until the inflation is so high that we had to bring in someone like Paul Volcker...

Yes, but Powell had his frigging chance to fix this inflation early on. And yet he just dicked around wasting all opportunities. Do you remember when he miscalculated by saying he believed this inflation would be temporary? He didn't need to raise the interest rate by 0.75% had he started...

Correction: Upside move on Thursday after CPI, not tomorrow. Anyway, sell going into CPI and buy afterward is the plan for me.

LOL Nobody here was complaining when the indexes were hitting ATH on a daily basis just 2 years ago. If I remember correctly, they were all in praise of Powell and his "sycophants". Money can do strange things to people's heads.