NQ Most Overbought

[traider]

I call for 1M
Just has to double 6 times very achievable. BTC shows that it is doable

 

[Millionaire]

I call for 1M
Just has to double 6 times very achievable. BTC shows that it is doable

Doubling 6 times is 64x.
NDX would need to go to $1000 Trillion total market cap for 6 doublings. I don't expect that in my lifetime.

 

[Millionaire]

Then the stock paper your profits print on won't even be worth enough to wipe your ass with.
Venezuela for the win!

Hold hard assets. Real estate, Gold and take on debt, its free money at the moment, interest rates are below inflation

 

[Overnight]

Doubling 6 times is 64x.
NDX would need to go to $1000 Trillion total market cap for 6 doublings. I don't expect that in my lifetime.

You never mentioned how old ye are. If you are 70, prolly not. If you are 19? Hell yeah!

Moore's Law, but slightly adjusted for macro events.

 

[traider]

Doubling 6 times is 64x.
NDX would need to go to $1000 Trillion total market cap for 6 doublings. I don't expect that in my lifetime.

Think of it another way
You just need USD to devalue 1/64. Even less if there is real growth to NQ underlying businesses. It's very doable

 

[Millionaire]

Think of it another way
You just need USD to devalue 1/64. Even less if there is real growth to NQ underlying businesses. It's very doable

10% average rate of return means it will take 44 years. So i am likely to be dead by the time NDX hits a $1000 Trillion total market cap. But my kids will be around.

Hyper inflation could happen and we get there sooner, im not completely ruling it out. 6 doublings would mean NDX around 1,000,000!!

 

[horizon]

There is only one entity that keeps buying at nose bleed levels. Not Goldman, Not JPM, Not Blackrock.....The buyer who has no fear is the Federal Reserve. Why you ask would they keep buying at overbought extremes?

Money costs them nothing. It's the FOMC who creates these enormous bubbles...they grow and grow and grow. This time everything is overbought, meaning housing. They are out of control.


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So the question is, what will you do now? Maybe sit on cash, or maybe short NQ? I know it is a tough question. Just want to see if you have a game plan.

 

[nitrene]

Unless the reflation/inflation trade comes back the NQ will continue to outperform.

The dollar & bonds have to go lower in order for the YM to come back as the leading future. The euro has been very weak since the Fed meeting so it doesn't look good, for now at least.

BA this morning gapped higher and still closed down $10 from the early morning highs. Seems like every day the industrials get sold down.

 

[SunTrader]

So the question is, what will you do now? Maybe sit on cash, or maybe short NQ? I know it is a tough question. Just want to see if you have a game plan.

Ric talks a good uhh game plan. Says he buys, never shows his orders. Posts charts (when they are green) from free websites after all lol. Often claims nothing but new HOD's coming right before the selloff that same day.

I am still bullish as well. No reason not to be but I don't get complacent about it. And I also don't sit on my hands when the occasional down day comes. Traders do that, trade what comes up or down.

 

[Rickshaw Man]

So the question is, what will you do now? Maybe sit on cash, or maybe short NQ? I know it is a tough question. Just want to see if you have a game plan.

Wait for a dip, switch to YM, it's not as overbought. NQ could collapse without warning. What goes straight up can come straight down.I remember in 2000 Microsoft warned, and Abby Cohen made a ridiculous price target for the SP500. The market started crashing after Microsoft warned. NQ has become very risky. The monthly chart is parabolic.