Exactly words of bitcoing HODLer 6 months ago
Nasdaq is totally parabolic.
AMZN is beyond parabolic
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Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Exactly words of bitcoing HODLer 6 months ago
Nasdaq is totally parabolic.
AMZN is beyond parabolic
Are you suggesting that the index's will reverse a 10 year trend over night without giving a chance for longs to get out?
Go learn charts from 2000 bubble
it went straight down from 5500 to 3000 then bounced to 4000 before ultimately going to 1000
I don't know if 30% down before final 85% haircut is considered a chance to get out
If you are trend following on the Daily chart you would have been wise to exit at 4,500. Yes sure this is all in hindsight but most of the trends end similarly. I am sure the 4 hour chart would have had negative divergences to warn you to tighten your stops as well, but i dont have the chart here. Also I am not hearing the general public talking about getting loans to day trade or buy tech stocks... like was going on in December 2017 with bitcoin and in the late 90s tech stocks.
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you don't need to hear anything - just look at AMZN chart. their rate appreciation in the last 3 years close to bitcoin and market cap 5 times bigger
it may go up 5 fold from here again but I wouldn't touch it no matter what
No longer.
There is always a chance. And the overwhelming majority always miss it.
The general public is not driving this market but you certainly hear a LOT about corporations taking out easy money loans to buy back their own stock at already insanely high valuations. I'd say that this activity is the only thing floating the market right now, one buyback program followed by another and another...
This type of craziness only ever ends one way.
That's what it is.....corporations have a history of buying their stock back at highs!!!