Tomorrow S&P takes out pre covid high?

[Cuddles]

Admitting your wrong is important lesson, I called the S&P completely wrong this time, cashed out long position at 3150 and shorted the next day.

The market will tank, that I am 100% certain.Many people look at the index only and not concerned with the company valuations which are way way off historical valuations methods The timing is the all important question of course. Also its the big boys like amazon that are keeping it up . Corporate layoffs are happening everywhere, even if you get earrings back to pre virus levels, its going to take a heck of a while which means the market has to stay over valued for a long time to come (possible perhaps).

Generally speaking When you talk to people it's mainly younger folk that are very bullish, but older folks are of the opposite view. I guess its because we were in a similar position at one stage with Bitcoin euphoria and the housing bubble in 2000's. No one saw that but was obvious as heck after it happened (it always is though**)
I made the mistake twice before not acting on a crash, 3rd time lucky maybe

Cost me around 80,000 USD 2008


** And all the experts in CNN were rolled out to tell us why were so blind

No one saw infinity fed coming. Well no one except maybe Dozu, but he doesn't count

 

[Laissez Faire]

No one saw infinity fed coming. Well no one except maybe Dozu, but he doesn't count

@Buy1Sell2 was bullish on the entire downturn. Not sure why, though.

 

[jl1575]

Admitting your wrong is important lesson, I called the S&P completely wrong this time, cashed out long position at 3150 and shorted the next day.

The market will tank, that I am 100% certain.


** And all the experts in CNN were rolled out to tell us why were so blind

Almost everyday plenty of stocks up huge and down huge in the same time, if you have a system to spot them and make profits you don't really care about the general market conditions.
Here is today's market, both sides : All you need is to play 2-3 of them to make a decent gain, either Long or Short, or both.

 

[VEGASDESERT]

That last 5 minute bar helped the case..

or not..

 

[S2007S]

If the nasdaq doesn't get its act together I don't think the s$p dow or Russell are going to do it alone. Not possible. Get ready for a substantial move soon.

And there you gooooooo

 

[noddyboy]

And there you gooooooo

I bought TQQQ like you said and it has been anything but easy, so if we go back to ATH, don't you go about how easy it is again.

 

[VEGASDESERT]

Kamala Harris triggered sell algos, figures..

 

[SunTrader]

Figures ... only if you are only repeating what the talking heads said.

 

[S2007S]

I bought TQQQ like you said and it has been anything but easy, so if we go back to ATH, don't you go about how easy it is again.

The fed has your back. I also gave you TPOR thats up over 20% soooo

 

[VEGASDESERT]

Figures ... only if you are only repeating what the talking heads said.

I was joking about kamala btw lol. Volatility as we approach a major double top magnet
is par for the course...