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Looks more like a correction than a crash;
sqqq + spxs are doing well. I dont know hat happened to SDOW/LOL.................................
Who else thinks a Correction or CRASH may be coming? My top call #2 1/9/2021
- Thread starter KCalhoun
- Start date
Looks more like a correction than a crash;
sqqq + spxs are doing well. I dont know hat happened to SDOW/LOL.................................
Right SDOW TZA UVXY weak, SQQQ SOXS SPXS strong
I got pasted by the NASDAQ in the early morning, but I quickly ditched my index funds and the non performing stocks and made a good lick on the long side, with CCIV, RNWK, USO, LUV, and good ol CCL. I have a small vestigal account with Alpaca and I have been holding a few shares for several months now, bought at $17 and I figure it will make $50 some time around August. Bought 100sh Wednesday in my IB acount, and some LUV and a few other things, and just held on to everything til this morning. The daily chart looked good against the Bollinger and my custom quasi-MACD indicator. No crash yet. that was just a ripple on the pond. When interest rates go back up and grampa Joe says sorry, no more stimulus, and they slow down the printing presses, money will get tight. A lot of newbies with extra money to invest have been driving an unnatural level of upward momentum. Pretty soon they are gonna need that money back and those buyers will become sellers. Yeah we are overdue for a crash. And it will come, paradoxically, when the economy improves, everybody gets immunized, the bars and restaurants and offices are back open, and things are back to normal more or less. THat's when the market will collapse. I figure about when the kids all go back to school. I think transportation and energy are gonna hold firm and of course leveraged treasury ETFs and futures are gonna be hot. The markets in general are gonna do a death spiral. Not on the scale the world saw in 1929 but it will be epic, nonetheless.
Not sure where crypto will fit in, though. I sort of expect the bubble to burst but I have been expecting it for a while and bitcoin is still headed for the moon. Crypto is stealing a lot of the wind from gold and silver but if bitcoin leads the whole crypto thing down the drain, all that money is gonna be looking for a home, and that will be gold, I expect.
Not sure where crypto will fit in, though. I sort of expect the bubble to burst but I have been expecting it for a while and bitcoin is still headed for the moon. Crypto is stealing a lot of the wind from gold and silver but if bitcoin leads the whole crypto thing down the drain, all that money is gonna be looking for a home, and that will be gold, I expect.
Pullbacks are standard fare. I could easily see SPX3550 over the next 2-3 weeks. ABC.
Crash? No. What do you people define as a crash? Was September a crash? Not in my book. Feb/March2020? Absolutely. That’s not what we have in store. But if you think it is, thank you for the liquidity in advance.
Crash? No. What do you people define as a crash? Was September a crash? Not in my book. Feb/March2020? Absolutely. That’s not what we have in store. But if you think it is, thank you for the liquidity in advance.
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Thats what i was thinking\feb\march; but took profits on TECS first five minutes today.
Holding spxs............................................................................................
[EDIT= PARTAL BUYS ON QQQ/314..........................]%%
TRUE, mostly, but many of them use CPAs...................................................
Sold qqq longs + staring scale in sqqq @$14/dont know if i'll have time to buy more; i have not eaten lunch .Its 1;24EST