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Let's hope the V is complete on the daily as well. It's way too frothy up here. Bubblicious ain't my cup of tea. How about you? :)

Short 34.75 SL 47

Unless this happens to be the intermittent top. Not saying it is, but I feel the stock market is getting very frothy at the moment. Should the equity market roll over and tanks, you know Bitcoin will fall off the cliff as well. You can no longer deny the fact that BTC can insulate itself from...

At the same time, here's another interpretion. First, not everyone is a HODL, and watching Nasdaq and other equities hitting ATH just about everyday while BTC is just sloshing around is no fun. I think they're losing their patience. In any case, let's see if 60K will hold, which I'm pretty...

All this selling is obviously coming from somewhere, but nobody knows for sure? That's even scarier. But then again, I thought everything was traceable on blockchain.:sneaky:

“For the present age, truth is considered profane, and only illusion is sacred. Sacredness is in fact held to be enhanced in proportion as truth decreases and illusion increases, so that the highest degree of illusion comes to be seen as the highest degree of sacredness.” — Feuerbach

Ya just might want to take a moment to reconsider. (Posted this elsewhere earlier, but will leave one here as well for others' benefit.) Weekly

Ya just might want to take a moment to reconsider. Weekly

China's not the only place being hit by drought. Fortunately, China is not a very big exporter of grains.

It's the future expectation, stupid. :) Seriously, we haven't had this type of frenzy since the early days of dot.com, which climaxed with everyone going nuts in 1999 from all the Y2K scaremongering. They were told that the computers and all the networks will go down on January 1, 2000. Turned...

Nah, the V-crews will just step in and take the market higher. This is the VIX futures. It's at it's all time low. Until it breaks above that trendline, don't even think about it. :)

Man, this really does feel like 1999 all over again. You just don't know where the damn top is. But when it does come, it ain't gonna be pretty. Probably a lot severe than what we saw in 2000-2003 correction.

This is a friendly reminder that you really shouldn't be relying on ChatGPT when you're replying here. Your credibility will go down real fast.

Go back and read the TITLE of this thread again. What you wrote has nothing to do with why other governments, especially China, are amassing gold. And the OP has no clue either, only getting simplistic info from other news sites.

Oh really?? Never knew that. Anyway, this is getting tedious. You do whatever you want and I'll do whatever I please.

We're now trading below the CPI spike. Go figure. As for Jim Simons, I don't think you know what you're talking about.

So back to you again. Why did we sell off yet again? Well, let me guess. Could it be because of FOMC??? (I know you just said, "No shit sherlock!" :)) But, you being you, it doesn't matter because Elliott Wave already figured it all out in advance. :banghead:

What caused the sudden reversal, you say? Better than expected CPI. But no need to tell me you knew that all along. Nice try though. :) This is 1 minute chart. As soon as CPI number came out, BOOM! Most of the move came within that 1 minute. But clearly you knew it all along.