TSLA Crashes to $5 per Share
- Thread starter Rams Fan
- Start date
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THAT Fed Reserve Note looks so real\
except they went the other way on a super size order\LOL
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I like mr Musk, free speech absolutist+ better than average WORK HABBITS.
TSLA is still in a good downtrend/ no wonder IBD founding father never,, ever recorded open price on all his red white + blue charts\LOL
I'm still trying to figure out[for sure] why an above average earner/fund manager/ above average IBD Newspaper like IBD founding father ''never did like last week of the year''
I don't know, brother. Mr. Musk's "free speech absolutism" seems to be more "Free speech for me but not for thee."
Left wing and right wing are nut jobs about the other side. Neither can handle criticism.
I don't like Mr. Musk. And yet here you and I are. Friends able to have a convo in peace. That's what I like. I miss this about the world.
I don't know myself. Seasonality during this time is almost all positive. I have to go back and check my stats, but I believe since 1950 there have only been 3 times the "Santa" rally failed to appear, and all three were during confirmed bear markets such as we are in now. But the positive seasonal bias of this year end trading window can be enough to "levitate" the market for a few days before the bear begins again in earnest.
Maybe the bear is over? I don't think so, but my mind is open.
Have a safe and happy New Year, @murray t turtle!
ES sitting right at & above yesterday's high traded price. Sellers just above thus far, but buyers at and just below.
Long term I still expect a revisit of the October lows, maybe a slightly higher low, maybe a lower low. A close above yesterday's high matters. If tomorrow then closes above another daily high, you have to take note. But it would not surprise me if the rally out of yesterday's lows doesn't continue into next week before the Santa effect wears off. Look at last year's action at the end of the year. January 4 gap UP and closed down. That was the high for the year. I somewhat expect the same thing next week. Might not be the high for the year, but probably the high for January.
Tomorrow means nothing to me personally. EOW, EOM, EOQ, EOY ops shenanigans.
Bear market for me $SPX was confirmed Dec 15th breaking and closing below Dec 6th swing low. For the past week or so we have been in a choppy minor Wave 4 correction (as typical of wave 4's).
Minor Wave 5 to follow next week. Then likely another pop higher, from new money being put to work, for ABC correction of all this whole past year .... before yet another leg down.