Is The Bottom IN?
- Thread starter Scataphagos
- Start date
Impossible to tell. My guess is earnings will still have to come down. My guess is we get a lot of false starts and feel good rallies as I mentioned in previous posts.
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MANY times even if you'' knew'' the bottom\ easy to miss LOL.
Hitting gamebirds, on the fly, you know where the bottom land is \ but that's only part of it.
Average hit rate on doves is 20%;
but 2 or 3 , 12 gauge shots@ 989 #9 pellets per 1 oz , could work; even with 20% hit rate[80% miss].
Dallas Fed head Rich fisher said monetary policy is like shooting ducks /\ have to get out in front of them
,Nah. I’m waiting to see price’s reaction to this overhead resistance area that we are now in. So far, it doesn’t look good for the bullish narrative.
Oops... of course I meant "2022". Gomen.
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WMT sector is doing way better than AMZN sector;
sorry i cut a real small loss on XLE, but it was doing a bit worse than any i had.
SPXS ......................... making some good moves.
IF FB, which changed its name to[META ], to protect the guilty/ goes past last mo hi, maybuy some TQQQ , .....as as short term trade, worked well before .
Bank ......sector got Fried so bad like a piece of black bacon, ...........
What do you think of the DJ30 run here? It seems like its already broken the daily trendline and if the DIA breaks above 8/16/22 high of 343.1 it looks like a break out or it could just be a fakeout with people just rushing into the Industrials as a safety trade. I'm not sure.
It looks like I got it wrong for the time being.
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Good bear rally, nitrene in DIA, above 50 dma/ good close above 200 day moving average.
SO DOW/DIA a long term UPtrend, i dont see anyting fake about it, good buy volume.
SO it could be an up NOV like 2018 bear rally\ but YTD = DOWN
SDOW is up YTD, but slim pickens off that lately.
Took smaller profits off UPRO today.
I like very good uptrends or good downtrends , so not in DIA,or SDOW now.
Some may want to pick up pennies off them..............................
So sounds like your guts are right; ''not sure'' so i look for better trends.