Scataphagos,
Yes this is bull pull back man. Al Brooks teach this to me man.
Come on man.
Island Reversal... potentially bearish
- Thread starter Scataphagos
- Start date
Yes this is bull pull back man. Al Brooks teach this to me man.
Come on man.
The only reason why I think this is because I do believe that all the long term holders and dip buyers will be taken to the cleaners at some point. Your entire thesis is based on Trump and Powell continuing to do what they are doing. First of all, they don't have the final say. I know the name of the game is to not fight the FED, but the FED can very easily lose control of the whole damn thing. Since we all know this economy is fake, there are no fundamentals to keep it afloat.
I'm reminded of a company that made super tough glass for cell phones. They got so good that Apple was their biggest customer. On the day Apple announced changing suppliers and the stock dropped like 60 or 80% the very next day. So at this stage, the FED is the only thing keeping this market up. Do you really think millennials, or Robinhood traders, or unemployed with the government cheques can keep the market up? Anything can go wrong, but there is only one thing that has to keep going right in order to keep this gravy train going.
I'm not saying to fight the FED, but I am saying to have an exit plan. The run-up from the March lows was a gift. All you perma holders have been taught that even a 40% drop will be saved. So now you will watch with anticipation when it drops 50%, waiting for the next bailout. This may never come. But since you've been so conditioned, you will never sell and ride it to the bottom.
lol doofus shorts and immediately takes over 40 points in heat. At no point was scat profitable on his call.
Island Reversal (rare) + Fed buying corp bonds + Fed move gets faded
=
Brace!
Yes sir, and I'm making a lot of money being a bull too. Long and Strong while bears keep trying to short, I'm making that easy money. Easy. And I dont even read the news article.
You guys been hollering bear market coming for the past 5 years, market at damn near 12 month highs.
Talking all that shit, while the simple people buying it up.
I wasn't one of those bears and I'm not arguing. It could go either way or take months to play out.
But if there was ever a technical signal for a large bear move, then an island reversal would be right up there. Also, $250B is a bandaid... on top of previous bandaid.