when i stop making 20 k in one day that is when
i have doubled my account in 2 consecutive days drawing lines ....
The DOW looks poised to drop momentarily, and the rest of the market with it. (Image)
- Thread starter Bugsy
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i have doubled my account in 2 consecutive days drawing lines ....
his influence is probably his biggest edge... without it he'd probably under perform like the other managers... people still look up to him, understandably.
that is the key to survival........and because markets normally move slowly we will at some stage get some price action which will show that something else is going to happen
this is not relevant to this thread but markets correct in two ways...a price correction or a time correction....
the fast move up from 14000 cries out for some sort of correction....but it looks it is going to be a time correction.
which means a range for some time which will frustrate both bears and bulls......any breakout now is likely to be short lived and may fail within 3-4 thousand points.....the best case for the bulls is a bull channel....the worst is a fall to the bottom of the range which is the low of the bear bar.
this is the monthly chart so that means this is 'long' term view
the fast move up from 14000 cries out for some sort of correction....but it looks it is going to be a time correction.
which means a range for some time which will frustrate both bears and bulls......any breakout now is likely to be short lived and may fail within 3-4 thousand points.....the best case for the bulls is a bull channel....the worst is a fall to the bottom of the range which is the low of the bear bar.
this is the monthly chart so that means this is 'long' term view
which is a bear flag
actually the worst ...the scary worst for bulls...is a test of the 14000 levels..a breakout out pull back
that is consistent with my analysis...though i am not respected...
but that may also mean he is selling and wants someone to sell to
interesting point...since we are in a range..this means expect both bear BO and bull BO to fail until evidence points to otherwise.
this evidence may be in a form of a higher low [if the trend is going to change to up] or lower high [if the trend is going to change from ranging to a down trend]
markets change from range to trend very gradually so it is easy to see it....if you are looking for it.
most have an opinion about what the market will do and so miss these signs.
i wonder what the respected manager will do if the market suddenly indicates it is entering a bear market?.
as the saying goes: better to lose your opinion than your money.
I keep thinking BTFD will fail, and it never does, if timed properly. There must be a time when we have to STFR, yes?
The market crash is coming, yes? They are all talking about it, and it MUST happen. It is not a healthy market without a 50-80-% crash. Right?
Oct 2018 to Xmas 2018 was not good enough for them. They want more. But they won't give us what they want. They keep teasing us with these silly little 10-20% drops. Hell, that is zero risk nothing free money on the overnight.
Where's the true bear?
Where is the contracting economy? Does that not exist anymore?
What's that you say? An economy MUST contract? They'd have all of us believe it. But I am telling you, it does not have to be that way. Bastards, all of them. And go ahead and try to nab a few points on an index future, and you get ass-raped into oblivion. Up 20%, down 20%, then up 21%. The frak is that all about?