I still say we are in a bear.
OK you wise guys - make your call on the 2022 low right here
- Thread starter SoyUnGanador
- Start date
I traded PTON Friday for about .75 cents. I bought at 25.09 and sold at 25.85 on 900 shares.
It went up over 2 more points to 28 and change but I wasnt wearing out my welcome.
what the fuck?!?!
NY_HOOD posts outside politics section as cover from MAGNA for his trolling & obvious sock puppetry
I'd rather not see tons of post and people agreeing with what I am seeing. At the same time I keep what I do consistent. The readings are the readings whether I am the only person in the world that has that view or not, have to go with what your models or technical analysis says if you know it works and the probability is in your favor.
For me 3101.50 -3262.00 would be the floor. Anything below that and we're at risk of a complete liquidation event and likely are going to be having some serious serious issues to deal with.
If you are correct and it's not going to trade below 3860, than I'd expect us to be turning around real soon. 4334.00-4368.50 and 4146.50-4212.75 are both area's that would generally provide at least a decent bounce, if not a complete turn around in the markets if weekly / monthly weren't so bad.
This should be pretty telling after seeing how they respond. Long story short if the market truly still has serious bullish intentions we wouldn't normally just blow through these levels.
Cuddles is a paid spammer to make anti american and anti white posts. He is on parole for armed robbery.
4336,75 = 10 % down.
3854,75 = 20 % down.
It should be interesting to observe what happens if/when we hit the 4300 zone.
3854,75 = 20 % down.
It should be interesting to observe what happens if/when we hit the 4300 zone.
Complete liquidation event LOL get real. Companies are very profitable the forward P/E of the SPX weeks ago was 21. Earnings are still growing. Some of you are so lost in this bs.
I am not trying to be smart ass at all, but "LOL" and "bs" are both terms generally used to imply emotions. There is nothing emotional regarding what I am saying, simply giving benchmarks along the way, which I have done for a while now.
Never did I say it WILL happen, but in the event we start trading below 3101.50-3262.00, than yes that is increased risk of a very fast and sharp decline, similar to, but not as great as the risk of if BTC would to start trading below 30k.
For me I am open to all possibilities and trade what is in front of me, it is that clear. Just like I said below 15605 on NQ, I was bearish since we candle closed below the previous setup distribution zone for them to sell into liquidity. We're down a substantial amount from that point.
On the other hand, your post at the very least on surface level has more emotion to it and reads as if it's "impossible" for us to be trading at those levels. Which is pretty foolish stance to take that something is impossible in the markets wouldn't you agree?
And if you're going to come back and say that you never said that, than why take exception to my statement of what I would prepare for if a certain benchmark happened?
So, in closing I am not predicting anything or going on emotions. Simply laying out benchmarks and expectations of those benchmarks should we reach or breach them as again I have done the in the past.
EDIT:
Did you even read my entire post? I also posted "If you are correct and it's not going to trade below 3860, than I'd expect us to be turning around real soon"
I don't view the market from bull vs bear. Here to trade and make money I don't care if it rips 2000 NQ points tomorrow or not. Wait for probabilities I understand on both a micro and macro time frames and than take the trade. Nothing personal.... and nothing to do with being a perma bull or perma bear.
Last edited:
remember when you lost all that money that you cried like a little girl because you were afraid your wife was going to beat you within inches of your life.