Market bottom seems near

[nooby_mcnoob]

Dudes, am I right here? The original MAGIC model also suggests a buy signal.View attachment 285817

Wait for one of these memes to start trending on twitter, then the bottom will be in

 

[David's faith]

This is not how bottoms are made. Sorry to bust your bubble.

Organic bottoms only happen when the Fed starts printing.

It can also happen by the FED ending the QT by releasing the REPO

 

[nooby_mcnoob]

It can also happen by the FED ending the QT by releasing the REPO

RELEASE THE REPO!

 

[David's faith]

RELEASE THE REPO!

So far they haven't.
https://fred.stlouisfed.org/series/RRPONTSYD

 

[engineering]

You have to ask " What changed?"

In the dot com crash people got laid off left and right.

In the real estate crash, banks stopped giving out ninja loans.

I don't see a sign yet that anything is turning around.
If I saw a bunch of zombie companies going under that would probably convince me.
https://slaythespider.substack.com/p/zombie-companies

 

[tomorton]

Never believe anyone who says we're at a bottom. Or a top. Try not to even hear the people who say such things. It won't improve your trading.

 

[nooby_mcnoob]

Wait for one of these memes to start trending on twitter, then the bottom will be in

View attachment 287224

Hmmm

https://twitter.com/x/status/1540067361293754373

 

[KCalhoun]

We'll see a bottom once biden is no longer president or inflation and/or oil drops.

 

[Junkou]

see my post, 15% so far.

 

[Swiss_cheese]

Next big news on Wednesday from FED, BOE and ECB. Buckle up.