DJIA will implode today - Next month 27k

nooby_mcnoob said:
Sorry I missed this. OK if you have been trading your whole adult life (however long that is) then you would probably have scratched the 33888 target after the price action yesterday. I like TA, but all bearish TA on all indices is VERY flimsy right now because the market is a very strong bull. So I mostly only use bullish TA and use bearish TA to know exactly where and how hard they are going to fuck the bears. For example, here is my $NQ TA

View attachment 272635

Do I think they're going to reject that line above? Probably not. But there are thousands of bears who will short that, get fucked, and then need to cover. And if it DOES reject, great, long way down, more than enough time to get into a short.

I personally hope you're right and that we get below 33888 today.
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In any other trend you would be right, I would lock in my profit/loss and review my plan. But not on this generation long bear trend, US indices about to return in the red for many year.
 
klienten said:
In any other trend you would be right, I would lock in my profit/loss and review my plan. But not on this generation long bear trend, US indices about to return in the red for many year.
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You're probably right. I hope you're right. I need the BTFDers to get fucked. Especially Tom Lee.
 
nooby_mcnoob said:
Sorry I missed this. OK if you have been trading your whole adult life (however long that is) then you would probably have scratched the 33888 target after the price action yesterday. I like TA, but all bearish TA on all indices is VERY flimsy right now because the market is a very strong bull. So I mostly only use bullish TA and use bearish TA to know exactly where and how hard they are going to fuck the bears. For example, here is my $NQ TA

View attachment 272635

Do I think they're going to reject that line above? Probably not. But there are thousands of bears who will short that, get fucked, and then need to cover. And if it DOES reject, great, long way down, more than enough time to get into a short.

I personally hope you're right and that we get below 33888 today.
More...

You asked about other calls?
5 session off but still a very good call in my opinion.
https://www.tradingview.com/chart/US30USD/QVAQqjqn-DJI-01-11-21-First-Day-Of-The-Bear/
 
Rest of December will be green I think, check back beginning of next year. Yeah, fairly hindsight comment from me after this green day, was discussing this yesterday in a Swedish forum however.
 
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Snuskpelle said:
Rest of December will be green I think, check back beginning of next year. Yeah, fairly hindsight comment from me after this green day, was discussing this yesterday in a Swedish forum however.
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You sound like Swedens former PM, Stefan Löfven "Det är bara käbbel"
 
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