Agree MAtt .... but from investing standpoint i would love to
see my money go up 30% in 2 years assumung 1988 recovery time
frame...Next important thng - we are technically inn a recession
because of abrupt shut down but thats going to change once
businesses reopen / vaccines come and people start being more
alert
never mind all the trillions into the system, I've looked at 100
plus years of charts. After a big trending move, which was
down - quite simply you are due for a long period of
consolidations. Not another big trending move. This is why I
think we are consolidation patterns for a while, not a straight up
V move.
but again like Steve said, let's discuss on weekend. I'll
make that a sticky post after the close
Guys save the bigger picture comments for the weekend - let's
focus on making money today. It's been a GREAT FADE off the
open. If you want a good bigger picture guide look at the 20
month MA which capped the rallies in 2001 and 2008 before another
move lower. Currently that level is just below 2900 so that
is one guide post.
BIGGER PICTURE - Yes i agree we should trade what is in
front of us but we should
ALSOfocus on long term investment/wealth where we can save
ourselves from the stress of day to day trading. No one can catch
all the move but look at SPY or QQQ where they have come in 10
years or 20 years .... now thats wealth. You guys have so many
valuable tools you can provide for investors not just traders
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Agree MAtt .... but from
Comparision to 1987
Posted by arun on 17th of Apr 2020 at 10:46 am
Agree MAtt .... but from investing standpoint i would love to see my money go up 30% in 2 years assumung 1988 recovery time frame...Next important thng - we are technically inn a recession because of abrupt shut down but thats going to change once businesses reopen / vaccines come and people start being more alert
never mind all the trillions
Posted by matt on 17th of Apr 2020 at 10:48 am
never mind all the trillions into the system, I've looked at 100 plus years of charts. After a big trending move, which was down - quite simply you are due for a long period of consolidations. Not another big trending move. This is why I think we are consolidation patterns for a while, not a straight up V move.
but again like Steve said, let's discuss on weekend. I'll make that a sticky post after the close
Guys save the bigger picture
Posted by steve on 17th of Apr 2020 at 10:47 am
Guys save the bigger picture comments for the weekend - let's focus on making money today. It's been a GREAT FADE off the open. If you want a good bigger picture guide look at the 20 month MA which capped the rallies in 2001 and 2008 before another move lower. Currently that level is just below 2900 so that is one guide post.
BIGGER PICTURE - Yes i
Posted by arun on 17th of Apr 2020 at 11:04 am
BIGGER PICTURE - Yes i agree we should trade what is in front of us but we should ALSO focus on long term investment/wealth where we can save ourselves from the stress of day to day trading. No one can catch all the move but look at SPY or QQQ where they have come in 10 years or 20 years .... now thats wealth. You guys have so many valuable tools you can provide for investors not just traders