luftgeschäft— go figure...
Why the Bulls are still around?
- Thread starter Stamamarti
- Start date
it is either a simple or complex question.
simple answer is The Chart says so.
Look at NQ. it was strong till Feb 2020.
On Mar 2020, the bull is still around.
In fact, it is going to break the record high.
Don't need to figure out
how covid will destroy the economy,
how the riots will destroy the economy,
how grounded planes will destroy the economy
...
Whether it is bullish or not depends on Chart,
not covid or riots or grounded planes or whatever
simple answer is The Chart says so.
Look at NQ. it was strong till Feb 2020.
On Mar 2020, the bull is still around.
In fact, it is going to break the record high.
Don't need to figure out
how covid will destroy the economy,
how the riots will destroy the economy,
how grounded planes will destroy the economy
...
Whether it is bullish or not depends on Chart,
not covid or riots or grounded planes or whatever
Last time I went swing long on NQ, in Feb, at about 9700, it dropped 2700 points to 7000. So I cannot do that again, because that could happen again now. And before anyone says, "No, it will not", well, many told me that would not happen again back after the 2018 drop in Q4. Well, it did.
With the election coming up, COVID, riots and TRUMP, anything is possible.
Anybody who trades knows about that grind up never ending trend that looks very weak, you
keep shorting convinced its finished, why does it keep grinding higher?!?!?''
The inevitable blowout top flushes out the last remaiming shorts.
right.
no one knows bull would start in Mar 2020.
That's why I changed from swing trading to day trading years ago.
Then I don't have to bother about when the bull or bear or whale is coming.
But there were warning signs in February -- lots of negative breadth indicators, negative divergences, lots of optimism, etc. Right now, we have none of that. New highs ahead.
No, no, no, that is BS!
Are you kidding me? So COVID had NOTHING to do with the drop. Uh huh, OK. We went from 9700 to 7000 in 6 weeks. So all your indicators told you this would happen. Everything that told you we were going to crash that much so quickly was all technical.
I call BS on that. Did you call it back in beginning of February? Or is this just another hindsight wonderwheel?
Where do we go from here? Up up and away to 12000 on NQ? 20,000?
No pullback in our future?
This is my best proprietary indicator which is a breadth / momentum indicator. Note the negative divergences in February. Look at it now.
Beautiful, man. So where does it tell you price is heading tomorrow?