Think about this. Those guessing where the top is will be right only 1 time. How many times will they be wrong? Multiple times. How many ET trolls have been predicting the top now over the last few months? All of them wrong, each and every time. You know fading the ET trolls, you will win out easily. Just exercise proper risk management and do not bet the farm. Like you being the casino and the ET trolls being the legions of gamblers trying to take Las Vegas down. You know how that ends up.
Is this what market top looks like?
- Thread starter orbit23
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If you are investing/trading longer term, you should be looking for tops and bottoms in this market. For shorter term trading, i would agree that it's not a good idea and one should only trade WITH the momentum.
The way i see it, we are close to the top. The last 8th. But i am often wrong and often have to flip, we will see.
What's probably going to happen is market will squeeze up quickly and violently into a climax and then reverse hard.
The way i see it, we are close to the top. The last 8th. But i am often wrong and often have to flip, we will see.
What's probably going to happen is market will squeeze up quickly and violently into a climax and then reverse hard.
Maybe, hard to gauge the effect with Biden, more leftie so yes bad for the markets / business in generaly, better for the people till the money is all used up, then much much worse, seems to always be the way.
yes but if it is obvious markets do not react to it
and right now with carona it is obvious we are in a midst of a huge adjustment in the way things will be done......this will lead to volatility....but not necessarily bearishness.
markets do climb a wall of worry, lose their balance fall and then again start to climb again
Still think this is in play.
Another year, another march. What's different this time?
IMO 30% correction is very possible in the next 1-2 months.
Market has a good way of convincing you it will go up only, it grinds up slowly, people get confident and then a rug pull happens as market dumps sharp.
Slow grind up, everyone gets in. Sharp dump down, everyone sells. Never changes.
High probability of Nasdaq hitting $8000 and spx $2600.
All of those gains will be erased very quickly.
Let's see how you've done on this thread. Down 7.4% on the SPX in less then three months. I won't bore you with the monster gains I found long commodity stocks during the same time period.
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