Good to see you back Rubberbird/Tophat
Have we now topped . . .
- Thread starter Wallace
- Start date
I haven't been.
Negative sir. I am too old to remember what I did last week, much less when that guy was around. (Mentally, not physically).
I will tell you one thing though...
Never try to day-trade the forward month on NQ. Man that was a shitbanger if I ever saw it. I finally had the nerve to go back in live today, but went in long on Dec NQ as a swing (And I went in right before I knew that three of the 5 FAANG peeps were testifying to the senate about election meddling, of which the GOOG guy did attend. Oy.) I started feeling that day trade shit coming back to me, the urge to make profit, and manage to get out with $300 profit.
Man, I wanna' swing the forward and day the front. I really need to stop drinking the kool-aid of these GS and MS peeps who keep spouting off about doom-and-gloom, and the "end of business cycle" nonsense.) I do not like trading on TA, but I guess I may have to for the next few years.
Overnight- there was a huge negative divergence between those 2 tops a month apart. That plus the s&p and dow were not even close to being in the same boat... it was there to fuck with us (i got sucked in for a min, buying at the new ath, before bailing pretty quickly).
I am always surprised at how everyone buys the arbitrary definition of a bear market to be 20%. That’s just a made up number that the market itself has no knowledge of. Some dude at goldman sachs (i think it was there) used it so that others could understand what he meant by a big drop. It’s been the arbitrary standard since. Not that it’s a special dividing line. 2015-2016 had more elements of being in a bear market than anyone gives credit to.
I am always surprised at how everyone buys the arbitrary definition of a bear market to be 20%. That’s just a made up number that the market itself has no knowledge of. Some dude at goldman sachs (i think it was there) used it so that others could understand what he meant by a big drop. It’s been the arbitrary standard since. Not that it’s a special dividing line. 2015-2016 had more elements of being in a bear market than anyone gives credit to.
So, you're basically saying everything is possible from here.
No, not everything.
I'm confident that the March, '16 low was the "4th wave" (correction) from the 2009 low. Counting the "5th wave up since". In the bigger picture, only a few alternative possibilities left. Won't be long before those will be pared down.
Dragged "kicking and screaming" into TA? Embrace the move. Don't fight the force. Be one with the river, Grasshopper.
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It was missing the biggies.... size of decline, pyschological despair and duration. I never gave it a thought as to it being a bear market.
Rubberbird? Is he back with a new moniker??
Using one of his many
