He will be back, if he, by some stroke of luck, starts making money on his so-called positions. He will be delirious with joy and won’t be able to resist deriding the ENTIRE ET forum.....LOL
Bear Market almost ready to resume. .....
- Thread starter fibo_trader
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His positions WILL make good money July-August-September-October, with or without new ATHs prior to that.
Y'all better look out before fibo unleashes the tranches !
I'll try to keep the spirit of the thread going for fun:
In the blue corner: most if not all the experts on ET. Combined more than 150+ years experience trading.
In the red corner....... a mere simple trendline a toddler could have drawn.
Who is going to win ?
He will be back on the 19th
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GE, downtrending again from $60 to $6.66 area. Believe it or not, WSJ has an article this week, downgraded again=price target $5.00.
QQQ, SPY Looks more like a slim jim pattern=uptrend. But I' m exsepcting a test of the 52 week lows this summer, QQQ, SPY; but never try to trade off some TV signal LOL- unless its Paul T Jones or Jim Rogers..........................................................................................................
Good thing for the QQQ/tech bulls; most companies are run better than GE, TSLA, BA
As far as I know & I'm still learning, the bearish view is a 2-part determination. First is that on the Monthly time frame 5 waves up are near completion or completed. Second is the crowd sentiment. A 5-wave up completion combined with high complacency is a recipe for disaster. This is what I am learning now. And I have tons of homework in this regard.
Not any more. He has only one book on his shelves. Technical analysis of Stock Trends. Its a University type textbook. Its homework for our group. We have 6 months to master it.
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