The market is SO WRONG at this point

orbit23 said:
It depends on the timeframe you are looking at it. I am looking at it from a long-term perspective. As if you are a long-term holder. So it might seem wrong in the moment, but if you zoom out it might be just a deviation.

From that perspective if you sold the exact bottom at 4100, but then it went higher to 5200, and then it crashed to 1500... You still did alright.

Call me crazy but this is how i view things right now. We have the most CRAZY conditions we've ever had, so why wouldn't we have the most crazy price action as well?

This is with 12Month candle chart.
yWHFgdq.png



If you are looking from (day)trading perspective then you have no choice but to trade with the momentum.
If you don't follow the momentum, you will be wrong on the timing, get stopped and lose money... and then it happens without you.
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I'm up 8.9% this month on a decent sized portfolio. The point being if you are in the right areas at the right time a lot of stuff doesn't matter ( and vice versa ). I'm not in US indexes or stocks I liked them in mid to late 2022 but didn't dive in ( eg I posted I liked JPM around $103 on here ). 2024 has been a strong year for what I trade and a lot of 2023 was very weak.
 
schizo said:
V-man, you said the same crap when I forecasted the market would reverse (remember??!!).

For the time being, yes, we will head back up as I've stated earlier (see below), but don't be so damn naive to think we'll be hitting ATH again.

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Yeah you got your once or twice a year pullback, but this market is just too unstoppable. If it heads up more it will V to ATH. So I don't know what you mean as it's lost any downtrend it had. The week where it dropped was impressive, but it's always on borrowed time.

Every time there's attempt to selloff it recovers so damn fast.
 
v-shape-0DTE said:
Yeah you got your once or twice a year pullback, but this market is just too unstoppable. If it heads up more it will V to ATH. So I don't know what you mean as it's lost any downtrend it had. The week where it dropped was impressive, but it's always on borrowed time.

Every time there's attempt to selloff it recovers so damn fast.
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I've already said we're heading back up, so I have no issue with that. But to ATH? I don't think so. This is the roadmap. At the time this chart was posted, we were at 5115. Now we're at 5146. We'll likely to go up to 5250-ish. That's all you'll get. If that's not enough, you're too damn greedy. :)

upload_2024-4-26_12-28-10-png.339073
 
I think the arrow needs to be pointed the other way. We shall see. Greedy? That's what this market is. Greed is at an all time high. That I agree with.
 
v-shape-0DTE said:
I think the arrow needs to be pointed the other way. We shall see. Greedy? That's what this market is. Greed is at an all time high. That I agree with.
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Well, you got your greed smashed once already. It wouldn't surprise me if it gets shattered again. We'll soon find out. Stay tuned.
 
v-shape-0DTE said:
Yeah you got your once or twice a year pullback, but this market is just too unstoppable. If it heads up more it will V to ATH. So I don't know what you mean as it's lost any downtrend it had. The week where it dropped was impressive, but it's always on borrowed time.

Every time there's attempt to selloff it recovers so damn fast.
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I am not opposed to ATH. I don't know if it will happen. But i am in favor in selling during the month of May.

And i think towards the elections the market could plunge like it never has before.


Biden is getting booted out of the office, can't be any other way. It's already ridiculous as is, if he were to stay 4 more years it would look something like this.
https://twitter.com/x/status/1780708652409905440
 
Handle123 said:
It took 26 years after Dow made highs in 1929 to go higher. Many died before higher highs.
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Good Morning Handle123,

What other investments do you recommend?

That is why I trade the ES to be come rich so I do not have to solely depend on SP 500 index.
 
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