Mr. Bull, We've Had Enough with Your BS. You're Fired!

[schizo]

THESE OLD HIGHS ARE MEANINGS... BETTER UNLEARN THIS BS FROM TECHNICAL ANALYSIS 101...

1 guy in the world traded at that price... there is no significance.

somehow the technical analysis 101 stuff gets into the brain and stay there very deep... but if you step back and think about it, it's all bs.

As for you sir, just don't fall back on "woulda, shoulda, coulda" when all this is done.

 

[MarketDiver]

To me it's 50-50. Definitely would rather follow the trend.

 

[Laissez Faire]

As for you sir, just don't fall back on "woulda, shoulda, coulda" when all this is done.

The problem is that you and others said the same thing last fall as well. Just as confident and just as wrong.

The stance seems to be: "This market is way overextended and there's no way it can go any higher from here."

Then, the market just keeps going higher. If we concern ourselves with facts, the one thing this market has shown us is that it can go higher. A lot higher than most people thought. And that may continue...

Let's all agree that this market is irrational and likely manipulated/rigged and that a correction is due.

Where our views diverge then is that I'm thinking:

"The market is currently up 394 % bottom to top (2006-2020) - What's another 5 or 15% from here? Or even more?

If the market was overbought 500 points ago - why would it stop exactly now?"

Like I said. I hope you're right, but I fear you're wrong. I remain bullish and expect a positive close and most likely new highs by week end. Of course - ready to reverse that view on evidence of the contrary.

Good luck.

 

[dozu888]

there is really nothing interesting on ET anymore... sigh.

 

[murray t turtle]

real estate grows on average 5% a year
if you obtain mortgage with 10% down it's much more prudent to buy a house than invest into stocks

%%
Better to do both/ETFs;
who want$ eVerthing in an oVer priced house +land ??,

 

[schizo]

there is really nothing interesting on ET anymore... sigh.

It's time for me to pull you out of La La Land and put you in your proper place.

 

[ironchef]

It's time for me to pull you out of La La Land and put you in your proper place.

According to des, he is not from La La Land.

 

[schizo]

According to des, he is not from La La Land.

Okay, thanks for the tip. I'll be sure to pull his head out of his ass.

 

[schizo]

ES is currently retracing after (re)testing 3300--or thereabout. According to another internal memo, many days of chop actions are expected before selling off. So it's not unrealistic to see 20 point moves up and down in the same session.

 

[dozu888]

ES is currently retracing after (re)testing 3300--or thereabout. According to another internal memo, many days of chop actions are expected before selling off. So it's not unrealistic to see 20 point moves up and down in the same session.

ok... let me tell you something, from beautiful Noo Joysey.,

this is not how market works... 3300 means nothing to main street... and if you accept this premise, then the rest would unfold.