Is the Bear market that began January 2022 over?
- Thread starter margin_gamble
- Start date
BEAR market stuff, so ridiculous, you can't make this stuff up ..............
RATING agencies are a goddamn joke. They only downgrade after the fact, as in this case. Losers. When 5 waves up are over, that's the time to inform about upcoming downgrades.
I'm born in the wrong century
Surrounded by idiots
Bed Bath & Beyond credit rating downgraded further into junk territory by S&P Global Ratings
Published: Aug. 22, 2022 at 9:50 a.m. ET
RATING agencies are a goddamn joke. They only downgrade after the fact, as in this case. Losers. When 5 waves up are over, that's the time to inform about upcoming downgrades.
I'm born in the wrong century
Surrounded by idiotsBed Bath & Beyond credit rating downgraded further into junk territory by S&P Global Ratings
Published: Aug. 22, 2022 at 9:50 a.m. ET
By the way guys, not even counting the last few days of trading ............... I was already NETT GREEN for my entire time at ET.
I am NETT GREEN for my entire short trading career which is still in BEGINNER-INTERMEDIATE stage but anthing prior to ET I will not count here. But just know that
I have no busted account
No nett loss but instead only nett green.
See my main thread for posts in GREEN showing where. All details are therin for entries and exits and whatnot
POST # 937 & 938 and a couple a few pages back in my thread.
Caught the entire bend int he trend without losing a dime!! that's gota count for something. Nobody has ever pulled it off. Even Seykota told me its impossible to not lose sizeable money in the BEND!
I nailed this BEND by suffering a bit of agony, pain, discomfort but mostly to my ego, but then turned it all around to NETT GREEN GAIN
When I had that dream about Trading being a Bountiful Feast I was right, spot on!!!!
Ain't no famine for me!!
Most-est major lesson learned:
When it gets too much for me, much too much for me, I'll do the same thing that God does when he wants me to get better - he puts the weight on me - so when in trouble in a deep corner, I put the weight back on him. What I've learned about myself is that when I put the weight back on him, heck its already at the darkest hour which is just before dawn and the whole nightmare will unravel soon anyway. Heaven smiled at me for this realization.
I am NETT GREEN for my entire short trading career which is still in BEGINNER-INTERMEDIATE stage but anthing prior to ET I will not count here. But just know that
I have no busted account
No nett loss but instead only nett green.
See my main thread for posts in GREEN showing where. All details are therin for entries and exits and whatnot
POST # 937 & 938 and a couple a few pages back in my thread.
Caught the entire bend int he trend without losing a dime!! that's gota count for something. Nobody has ever pulled it off. Even Seykota told me its impossible to not lose sizeable money in the BEND!
I nailed this BEND by suffering a bit of agony, pain, discomfort but mostly to my ego, but then turned it all around to NETT GREEN GAIN
When I had that dream about Trading being a Bountiful Feast I was right, spot on!!!!
Ain't no famine for me!!
Most-est major lesson learned:
When it gets too much for me, much too much for me, I'll do the same thing that God does when he wants me to get better - he puts the weight on me - so when in trouble in a deep corner, I put the weight back on him. What I've learned about myself is that when I put the weight back on him, heck its already at the darkest hour which is just before dawn and the whole nightmare will unravel soon anyway. Heaven smiled at me for this realization.
%%Lord knows how many old timers got killed in the opening drop today.
Welcome to Wave 3.
Dropped smack onto my 23.6% red dashed line support shown in all QQQ charts
Holy Tamale, RSI hits 13
LOL\
but SPY + QQQ +related were so far extended in a bear rally.
No telling how many were short FRI or MON open or inverse ETFs\good down bear move 1st hour . No telling how they close??
Get a load of Wave 3 action even on a small timeframe like 5-min., RSI diverging but all the while still below 30 yippie kai yeh ............ that be Wave 3 action baby
%%
LOL\
but SPY + QQQ +related were so far extended in a bear rally.
No telling how many were short FRI or MON open or inverse ETFs\good down bear move 1st hour . No telling how they close??
Right on! Super extended.
One thing though ............. for the entire rally from June 16 to the August top, it pays big time to go into the spleen, kidneys, heart especially the aorta and then the 2 carotid arteries to see how the internals have been REALLY doing. It was a disgrace!
New Highs - New Lows = a goddamn disaster
New Highs/New Lows = an unmitigated disaster
and so on ...................
QQQ RSI 5-min., now heading north to tackle the RSI 30 line in the sand and Macd is curling up from deep negative territory.
%%
Actually tried to buy SQQQ once early/ but since i had enough of SPY inverse\ managed that today..........200dma says bear is not over on QQQ or SPY, even though some stuff was positive YTD/ last week close.
SQQQ has some good moves + sometimes the % gains more than the slippage.
Nice work, enjoy your profits, stay cautious by keeping in mind that BEAR markets are loaded to the hilt with shenanigans and its therefore easy to get cott off guard and give up gains.
Wishing all the best, always. When YOU win, I win because it makes me happy as a clam when we are surrounded by graveyards of financial death all around us.
