I had enough of these perma bears.....all the gloom and doom
.... i can bet these guys never make money if they were trading
with their own money except for their stupid articles that get
hilighted in bad times
Just like politics, I never get caught up in one party.
You can have a bearish bias on one stock, one time frame and
bullish bias on stock with a certain time frame. A
stock or index can have a bearish bias on a 60 min and a bullish
bias on a Weekly chart. People who get caught up in being a
"Bear or "Bull" are limiting themselves. Right now you have
Bullish FANG stocks, and Bearish Retail box shops. Bullish
Biotech or Bearish Banks. So many ways you can play the
markets. And in the end historically stocks are Bullish
longer term (as long as we stay a Capitalistic country and not turn
to socialism ).
I went for a walk in nature yesterday and was walking along the
river. The ice had recently broke free and the river was
flowing fast. I walked past an area where there was a very
small back-eddy, a backwater reversal. I thought at the time,
that's the same as different time frame in charts. If all I
was looking at was the direction of the backflow I would not see
that the remainder of the river is actually flowing in the other
direction. Reminded me of the importance of looking at
multiple time frames depending on your objectives and risk
tolerance.
Fantastic commentary form John P
Posted by goldnice on 20th of Apr 2020 at 04:53 pm
Fantastic commentary form John P Hussman's recent market letter.
He's is a compelling writer
Posted by tgo5043 on 20th of Apr 2020 at 05:18 pm
He's is a compelling writer with a horrible track record . He's a perm bear .
I had enough of these
Posted by arun on 20th of Apr 2020 at 05:54 pm
I had enough of these perma bears.....all the gloom and doom .... i can bet these guys never make money if they were trading with their own money except for their stupid articles that get hilighted in bad times
Just like politics, I never
Posted by ssaffer on 20th of Apr 2020 at 06:00 pm
Just like politics, I never get caught up in one party. You can have a bearish bias on one stock, one time frame and bullish bias on stock with a certain time frame. A stock or index can have a bearish bias on a 60 min and a bullish bias on a Weekly chart. People who get caught up in being a "Bear or "Bull" are limiting themselves. Right now you have Bullish FANG stocks, and Bearish Retail box shops. Bullish Biotech or Bearish Banks. So many ways you can play the markets. And in the end historically stocks are Bullish longer term (as long as we stay a Capitalistic country and not turn to socialism ).
I went for a walk
Posted by tahoe on 20th of Apr 2020 at 06:59 pm
I went for a walk in nature yesterday and was walking along the river. The ice had recently broke free and the river was flowing fast. I walked past an area where there was a very small back-eddy, a backwater reversal. I thought at the time, that's the same as different time frame in charts. If all I was looking at was the direction of the backflow I would not see that the remainder of the river is actually flowing in the other direction. Reminded me of the importance of looking at multiple time frames depending on your objectives and risk tolerance.
Nice Observation!
Posted by steverobin on 21st of Apr 2020 at 05:25 am
Nice Observation!
So true. I have my
Posted by arun on 20th of Apr 2020 at 06:27 pm
So true. I have my long term and trading accounts separate for same reason.
If we get some weakness
Posted by ssaffer on 20th of Apr 2020 at 10:01 pm
If we get some weakness at the open on the QQQ's at the 210 area and see it catch a bid, I will go long for the day and see how it closes.