Biggest hammer evAr today
- Thread starter 1a2b3cppp
- Start date
I told everyone not to buy. You should have listened to me. There is ALWAYS a jig. NOW, stocks are becoming attractive, however, fear is in the markets. A Number of things can happen.
Remember children,
slowing growth = multiple contraction
I do not see a catalyst for a CRASH, but slowing growth = correction time. Personally, I want the markets to become oversold so that I can buy. Here, the markets still have fear, so I wouldn't expect quick upside. Expect consolidation somewhere. Maybe a micro squeeze. BEST TRADE IS TO BE FLAT AND WAIT. Buyers will lose unless they have piker targets. New shorts will lose unless they have piker targets. Just wait and let the morons make their move.
Remember children,
slowing growth = multiple contraction
I do not see a catalyst for a CRASH, but slowing growth = correction time. Personally, I want the markets to become oversold so that I can buy. Here, the markets still have fear, so I wouldn't expect quick upside. Expect consolidation somewhere. Maybe a micro squeeze. BEST TRADE IS TO BE FLAT AND WAIT. Buyers will lose unless they have piker targets. New shorts will lose unless they have piker targets. Just wait and let the morons make their move.
i wonder if the OP jumped off a bridge at 12pm EST today when spy hit 117. we haven't heard from him
Good news for the op - possibly another hammer for him today. It looks like the plunge protection team is painting the tape into the close.
That will give "THEM" time to do something over the weekend. Look for all sorts of positive news stories over the weekend.
That will give "THEM" time to do something over the weekend. Look for all sorts of positive news stories over the weekend.
