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But first a fake out.

Diamond reversal pattern?

Posted by tgo5043 on 21st of Sep 2022 at 02:10 pm

But first a fake out.

Diamond reversal pattern?

Posted by tgo5043 on 21st of Sep 2022 at 02:04 pm

Diamond reversal pattern?

Not true. 24% raise  over 5 years.  Big difference. 

Max pain on SPY is

OPEX this week 

Posted by tgo5043 on 14th of Sep 2022 at 10:55 am

Max pain on SPY is around 405 I believe. That could motivate market makers to engineer a bounce into OPEX.

Been away at a wedding and haven’t seen it yet. 

I understand the reasons why

Posted by tgo5043 on 12th of Sep 2022 at 10:27 am

I understand the reasons why so many are bearish right now and I don’t disagree. However the market could be catching a lot of people off guard if inflation numbers come in surprisingly low. Short covering rally could be huge.

Now that COVID is much more manageable due to the vaccines and the medicines for it (Plaxlovid etc)  it is sad when I look back at life long friends who are gone because they did not take the vaccine. They believed conspiracy crap online and now they're dead. 

Yeah , God forbid we rich 'Mericans help anyone in need. 

Yup.

ES looks like a bear flag ready to break:

Posted by tgo5043 on 6th of Sep 2022 at 09:41 am

Yup.

ES looks like a bear

Posted by tgo5043 on 6th of Sep 2022 at 09:22 am

ES looks like a bear flag ready to break:

Cult stock? People buy them because they realize ( by experience) how totally superior they are to all competitors. Good reason to own in my books.  

Cult stock? People buy them because they realize ( by experience) how totally superior they are to all competitors. Good reason to own in my books.  

Diamond Reversal on the 5

Posted by tgo5043 on 15th of Aug 2022 at 11:04 am

Diamond Reversal on the 5 minute?

https://stockcharts.com/h-sc/ui?s=%24SPX&p=5&b=5&g=0&id=p51343967208&listNum=1&a=1138674225

Why haven't retail investors  thrown

Posted by tgo5043 on 14th of Aug 2022 at 12:33 pm

Why haven't retail investors  thrown in the towel as so many expect before a  bear market can end?  

My take:  Those that sold in 2008 (Fin Crisis) and then 2020 (Covid) probably never went back in. Those that held on were rewarded handsomely.  The Inflation or Ukraine issues are not nearly as bad as the two I just mentioned.  Why would anyone dump stocks now?  I think retail investors are smarter than people give them credit. My 2 cents worth.

If VIX closes down it

Posted by tgo5043 on 12th of Aug 2022 at 01:34 pm

If VIX closes down it will produce a BUY signal.                  

  https://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=10&dy=0&id=p30418782223&a=1178670078&listNum=

I appreciate Steve and Matt's

Wednesday Newsletter

Posted by tgo5043 on 11th of Aug 2022 at 07:16 am

I appreciate Steve and Matt's mapping and I have used them to great effect. Nonetheless I am going to go with the trend and not the fundamentals of the economy.  

Not scientific but.....Full Moon tomorrow.

Posted by tgo5043 on 10th of Aug 2022 at 10:12 am

Not scientific but.....Full Moon tomorrow.

Sell the rumor buy the

Posted by tgo5043 on 10th of Aug 2022 at 08:31 am

Sell the rumor buy the news? 

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