The Sky is Falling

Jdesey said:
Geez.... if you tune into the mainstream media (which I avoid) they make out like this is the Great Crash of 1929... S&P only down 10% from the high, NASDAQ down 17%... it cracks me up.
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LOL. Much of it is well deserved FB still going down, down, maybe that will teach them NOT to censor\meddle so much.
NY maybe in trouble again\ many of the big banks FOX news reports, are going to let workers work @ NJ homes + all the other places they commute from. Nothing like smaller tax collections to send a big message...........................................................................................:D:D.
 
Well, the millennial army of retail-monkeys may have lost the battles for now, but not the WAR (yet)! It's still justified having aped into failing companies like HOOD for over 80 bucks a share, because now we are in DEEP VALUE TERRITORY.

Think... for a little over 10 bucks, you can buy a share that only loses 7.5 every year. Surely it's a fantastic bargain still. You'll be sorry when you realize you've missed out on the rally!

DEEP VALUE everyone... that's the new catch-phrase. DEEP VALUE TERRITORY.

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Nine_Ender said:
You said that last month and then we rallied. It's a clear range on everything except IT and some Commodities which are going in opposite directions. As much as you keep saying we will crash there is no evidence fundamentally or technically that we should crash.

Some of you don't even know how deeply biased you have become.
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I have not at all been overly biased. I've been very objective and have already flipped to leaning to the long side once. Here's my post right before the bullish move we had previously starting in late January.

Concinnity said:
Let's see what happens next week guys, but may soon be time to horn some bears. Would like to see the markets trade above and also candle close some Daily EMA's.

But NQ Daily has a distribution zone up there at 15605-15987, the one I was mentioning and trading off of prior to the move down. It's very common for us to go back and retest that zone after a buy signal.

I know it seems really far away... and too early to call for that. Just saying if we start to clear some benchmarks and markets get bullish, that will be my ultimate target.

I'll be going into next week neutral though. Really need to see Sunday night / Monday morning action. Than I'll look at the probabilities and decide what bias I'll have (if any) for Monday 9:30am trading.
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Concinnity said:
Today was first decent day for bulls. I took mainly longs, had one of my best days ever(still not big compared to what most of you guys do) but none the less for me good progress as I work on turning the corner in trading.

This move isn't overbought yet from a Daily perspective and momentum is almost inside the threshold, where we typically get stronger movement. I have a more neutral standpoint here still. Just going to take it day by day and take setups as they come(long or short). Overall though, generally speaking we would attempt to work our way back up to 15605-15987 zone on NQ(the origination of the break down from my point of view). So, that is my macro view as of today.
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Oh well, if nothing else all those jackasses who have been screaming "stocks are in a bubble!" "the market is in a bubble!" will finally STFU.
 
It's not good to have emotions either way. Tune that noise out and don't take your positions or views personal.

There's people that are perma-bears and can't see the rallies, just like there are people who are perma-bulls who can never see a drop. Literally no difference between those two types, except generally speaking equities are naturally bullish bias, so typically perma bulls do better. If you really want to be stubborn and like to ignore facts, probably better to be a perma-bull in the long run.
 
Except equities as a whole are not naturally biased to the upside. Some are.

Equities indexes are the ones that are "naturally" biased thanks to survivorship basis getting rid of the doooooogs every so often. Like if Vegas changed the odds, even more in their favor, after the game had already begun.
 
SunTrader said:
Except equities as a whole are not naturally biased to the upside. Some are.

Equities indexes are the ones that are "naturally" biased thanks to survivorship basis getting rid of the doooooogs every so often. Like if Vegas changed the odds, even more in their favor, after the game had already begun.
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Ok, well let me be more specific than. I am speaking of ES / NQ / YM. If you still say or think they aren't naturally bullish bias, than we will have to agree to disagree or at least on my end that's what I'll do.
 
The current drop in the market because of fear of war will freeze some of the buying powers in the retail sector which will tame inflation and as a result Fed will need to reduce the steps needed to increase interest rates which will cause some bullishness in the market.
 
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