Parabolic move is what we are witnessing..8-2020

[Millionaire]

Anyone have the balls to short the NDX around 12000?

 

[S2007S]

Extreme overbought a lot of the times is actually a short term and medium term bullish signal, which generally speaking is a pretty decent trade to take (to the long side). There's only decent probabilities using overbought / means reversion for shorting if you have a corresponding sell signal (that has an edge) to know when to expect the overbought to be filled back in. Otherwise there's no way to effectively manage your risk looking for the overbought to be cleared.

So basically there is absolutely no such thing as risk. Risk has been completely turned off. Every overbought phase is just another moment to implement another bullish pattern higher and higher. This absolutely unbelievable.

 

[S2007S]

Anyone have the balls to short the NDX around 12000?

No wayyy. Cause 15000 will be here by Xmas. Damn maybe by election day once who ever wins. Actually doesn't matter who wins. Markets are going to skyrocket up up up after elections are over.

 

[Millionaire]

No wayyy. Cause 15000 will be here by Xmas. Damn maybe by election day once who ever wins. Actually doesn't matter who wins. Markets are going to skyrocket up up up after elections are over.

Yeah NDX now moves up 10% every month instead of 10% every year.

If it keeps doing that it will reach 100K in about 24 months.

 

[jys78]

I think you are right. Even if it does push down its for an hour or at most a day or 2 and right back up it goes.

I find it fully amazing that the fed hasn't had any emergency meetings to curb such gains. Gains after gains as the fed sits quietly and prints unlimited amounts of money.

Curb it?! This is what they want! It's working!

 

[jys78]

No wayyy. Cause 15000 will be here by Xmas. Damn maybe by election day once who ever wins. Actually doesn't matter who wins. Markets are going to skyrocket up up up after elections are over.

Yup. Priced in!

 

[Rickshaw Man]

Every day is an up day in the land of perfect.

 

[S2007S]

Yeah NDX now moves up 10% every month instead of 10% every year.

If it keeps doing that it will reach 100K in about 24 months.

I like your numbers even better. Once the nasdaq gets to say 25,000 and 30 000 it will be tacking on thousands and thousands of points a month. And your right 100,000 can easily happen in 24 months. Just think how many trillion companies we will have. Cross will be worth hundreds and hundreds of billions.

 

[Rickshaw Man]

Our free markets are gone...everything market related is run by the FOMC. We will get down days maybe down months. But they won't let it fall far. Stock indexes had been going up for 10 years. We get a quick 30% drop and superman Powell rushes in. That tiny drop was nothing when you step back and look at a monthly chart.

From now on they will never let the markets fall that far. Its all rigged to the up.

 

[S2007S]

My retire account is literally printing me money every day. Its amazing.

Why are we even working. Everyone can borrow tens of thousands of bucks from equity lines, credit cards...just borrow as much as you can and use all your money and just but the tech sector and you will gain literally hundreds and hundreds of percent returns. No need for anyone to work when they can just sit home all day and see their money grow by literally leaps and bounds.