Listen to wisdom, guys. Remember we got into this to EARN big. Brokers have all the yachts. We can too.
Is the Bear market that began January 2022 over?
- Thread starter margin_gamble
- Start date
Listen to wisdom, guys. Remember we got into this to EARN big. Brokers have all the yachts. We can too.
See bold text in Mac's post ....
Warren Buffet spoke about taking the Big Swing. You have to be ready and then are you Man enough to take that big swing?
When you take that first big swing and succeed, it opens the door to the desire to continue to grow in big swings. Its one plateau after another. Well worth it.
Hey guys, check this out for tomorrow ..............
DJI, DJT, SPX, NYA RUT all have retraced around 23.6% approx. of the most recent drop on the 5-min chart. Nas and Q have not hit 23.6% but close to it.
Here's the thing. We had a big drop on Friday. It needs a correction, an upwards correction obviously.
Corrections normally go to at least 38.2%, and often to 50%. Since we are in a supposed 3rd wave its unlikely the correction will go to 61.8% but hey, this is a monster BEAR so there might be no such thing as normal operation
Pull up your charts on these indexes and draw the grid and see for yourselves. Keep eye on 38.2% as minimum profit taking level.
The 200-pd ema passes close to that level so keep eye on this too.
Good luck
DJI, DJT, SPX, NYA RUT all have retraced around 23.6% approx. of the most recent drop on the 5-min chart. Nas and Q have not hit 23.6% but close to it.
Here's the thing. We had a big drop on Friday. It needs a correction, an upwards correction obviously.
Corrections normally go to at least 38.2%, and often to 50%. Since we are in a supposed 3rd wave its unlikely the correction will go to 61.8% but hey, this is a monster BEAR so there might be no such thing as normal operation
Pull up your charts on these indexes and draw the grid and see for yourselves. Keep eye on 38.2% as minimum profit taking level.
The 200-pd ema passes close to that level so keep eye on this too.
Good luck
So you really have no idea what you are doing. You were all bear bear bear during the bear-rally bounce, you averaged in, got lucky with a small pullback by averaging in with millions of quid to make 80K.
Now you have flipped to long. Hmmm. Why have you not been listening to me? The bull cannot re-emerge until the Fed stops the QT/tightening bit? The Fed just reiterated it is tightening some more! You should have stuck with your bear thesis. But just not to the 2008 lows which you suggested, stupidly.
BEAR ravished both Nine_Ender & theMickey again today. Massive bearish engulfing bar on theMickey for today.
Who are these 2 guys?
They are of course 2 guys who attacked me unprovoked when I came to ET a month+ ago. Totally unprovoked.
The Lesson here is: Do not attack unprovoked a Man who has read BEAR's book
General George S Patton, looking thru' binocs at the battle of the tanks was heard to remark loudly ...
"Rommel you magnificent bastard, I read your book"
BEAR can snuff me out with one breath from his nostrils, he's that powerful. But he won't do it! He will not destroy the ONLY ONE who asked him to be his Mentor. 99.9999999% of the population don't even know he exists. This includes the gurus and Professors. theymight know something about it intellectually but they do not feel it in their marrow
Nothing might come of it, I might still lose it all and end up in the gutter ............. but what a ride it will be and from where to where? From Heaven for a taste and then straight to Hell
BEAR remembers the many times in Elliottwave that I knocked on his door and asked for Help but had nothin more to SELL in exchange.
Who are these 2 guys?
They are of course 2 guys who attacked me unprovoked when I came to ET a month+ ago. Totally unprovoked.
The Lesson here is: Do not attack unprovoked a Man who has read BEAR's book
General George S Patton, looking thru' binocs at the battle of the tanks was heard to remark loudly ...
"Rommel you magnificent bastard, I read your book"
BEAR can snuff me out with one breath from his nostrils, he's that powerful. But he won't do it! He will not destroy the ONLY ONE who asked him to be his Mentor. 99.9999999% of the population don't even know he exists. This includes the gurus and Professors. theymight know something about it intellectually but they do not feel it in their marrow
Nothing might come of it, I might still lose it all and end up in the gutter ............. but what a ride it will be and from where to where? From Heaven for a taste and then straight to Hell
BEAR remembers the many times in Elliottwave that I knocked on his door and asked for Help but had nothin more to SELL in exchange.
And a slave stood behind the
....That all glory is fleeting.
~vz
4476
My call, upday Tuesday.