QQQ The March to 500

I think it's a lot harder to make the judgement that its a bubble from non traders' actions. Like when Joseph Kennedy famously got out of the market when the shoeshine boy was talking about stocks.

My memory of 1996-2000 was that a lot of people got information via the internet message boards especially Yahoo! Finance. CNBC was still the main way but there was also cnnfn and even Yahoo! Finance had its own streaming news channel which was pretty amateurish.

Yeah I don't think this market is nearly as bullish as that market was. At that time my day job was as an Oracle DBA & PL/SQL programmer and at the end of the bubble colleagues were trading right in the data center we were at. I mean my PCP quit to become a full time daytrader.

So no its not even close to that. Actually 2021 did feel like 1999. I mean if this were like the post Asian Real Estate Crisis from 1998-2000 there wouldn't be any money in T-bills earning 5.5%. Why get 5.5% when you can make $1000/day buy calls on NVDA. There is somewhere between $6-$9 Trillion dollars in cash.
 
Picaso said:
Happy for you and these last few months have vindicated you - to a point - which is nice, considering how much crap some people gave you.

But make hay while the sun is shining and save for a rainy day.
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Thank you!

Yeah we are hitting 500 as people still keep screaming for a top.
 
nitrene said:
I think it's a lot harder to make the judgement that its a bubble from non traders' actions. Like when Joseph Kennedy famously got out of the market when the shoeshine boy was talking about stocks.

My memory of 1996-2000 was that a lot of people got information via the internet message boards especially Yahoo! Finance. CNBC was still the main way but there was also cnnfn and even Yahoo! Finance had its own streaming news channel which was pretty amateurish.

Yeah I don't think this market is nearly as bullish as that market was. At that time my day job was as an Oracle DBA & PL/SQL programmer and at the end of the bubble colleagues were trading right in the data center we were at. I mean my PCP quit to become a full time daytrader.

So no its not even close to that. Actually 2021 did feel like 1999. I mean if this were like the post Asian Real Estate Crisis from 1998-2000 there wouldn't be any money in T-bills earning 5.5%. Why get 5.5% when you can make $1000/day buy calls on NVDA. There is somewhere between $6-$9 Trillion dollars in cash.
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It's not even comparable. Not because of the earnings power or any of that stuff, because volatility has been destroyed. Back then people forget, but it was a volatile market. Many 5-10% or even 15% pullbacks along the way. Today it doesn't go down at all! There's no chance of it going down. Every dip is so aggressively bought. That is what people still don't understand. We Can't go down. We can't even have a scare. It falls $1 and at 2:30 it's instantly bought back up.

Maybe someday we will see some type of Netflix documentary about how much money was thrown at this thing to keep it propped all the time.
 
Finally a red day, but look at those hungry dip buyers going to work. No chance it closes under 480 today. That's your 5EMA, that line holds tough in a strong market like this.
Volume is way too low and it's easy for the dips to get bought.
 
v-shape-0DTE said:
Finally a red day, but look at those hungry dip buyers going to work. No chance it closes under 480 today. That's your 5EMA, that line holds tough in a strong market like this.
Volume is way too low and it's easy for the dips to get bought.
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My data suggests red tomorrow, too, but I'm distrustful of any bearish predictions these days. LOL. Two red days in a row. That would be something.

Frankly, a good sell would be nice from here.
 
Laissez Faire said:
My data suggests red tomorrow, too, but I'm distrustful of any bearish predictions these days. LOL. Two red days in a row. That would be something.

Frankly, a good sell would be nice from here.
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Yeah, many are hoping for a bigger dip to buy, but it's so damn difficult to get. Look at it get near the low at 3:24 only to V into the close. Nothing can keep this market down for long. The strongest market of our lifetime.

I still can't see any scenario that doesn't result in a very fast V.
 
nitrene said:
I think it's a lot harder to make the judgement that its a bubble from non traders' actions. Like when Joseph Kennedy famously got out of the market when the shoeshine boy was talking about stocks.

My memory of 1996-2000 was that a lot of people got information via the internet message boards especially Yahoo! Finance. CNBC was still the main way but there was also cnnfn and even Yahoo! Finance had its own streaming news channel which was pretty amateurish.

Yeah I don't think this market is nearly as bullish as that market was. At that time my day job was as an Oracle DBA & PL/SQL programmer and at the end of the bubble colleagues were trading right in the data center we were at. I mean my PCP quit to become a full time daytrader.

So no its not even close to that. Actually 2021 did feel like 1999. I mean if this were like the post Asian Real Estate Crisis from 1998-2000 there wouldn't be any money in T-bills earning 5.5%. Why get 5.5% when you can make $1000/day buy calls on NVDA. There is somewhere between $6-$9 Trillion dollars in cash.
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Nice story. In late 2017 I worked at a major bank and literally everyone was talking and investing in crypto. This was at the data department, so it wasn’t representative for everyone but the ‘data nerds’. Still, Jan 2018 was a major top back then
 
v-shape-0DTE said:
Yeah, many are hoping for a bigger dip to buy, but it's so damn difficult to get. Look at it get near the low at 3:24 only to V into the close. Nothing can keep this market down for long. The strongest market of our lifetime.

I still can't see any scenario that doesn't result in a very fast V.
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LOL. Your posts still give me a good chuckle from time to time.

This market will sell off again. Don’t you think anything else.

But let’s enjoy the long side while it lasts. I’ve seen people trying to pick a top since October last year.

The most hated bull market in a long time.
 
The weakest most pathetic attempt at a selloff I've seen. Already making the V. New ATH soon and still going to get to 500, just might take till early July.

They so can't bring this down. Every drop is fought along the way. It's like it's already going up when it's dropping.

If you want a sell, you need volume and volatility, not slow motion algo action. It will never last that way.
 
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