as I said, I'm expecting still higher prices and we had a
symmetry break - so it may take some time to play out with an ABC
like move higher low -
we had nice long legged doji candlesticks on Monday on SPX, Dow,
XLF - you generally get a good move from that. And like you said,
tons of bearishness and in these bear markets you tend to get what
I call 'rip your face off rallies' this kind of stuff is typical in
bear markets
Bears gotta be wondering if that was the bottom though, it has
to be in the back of their minds. Inflation reading will also be
better and the peak inflation argument will be out there. Buffet
bought $41 billion recently in assets. Climbing the wall of worry?
Gotta stay balanced and not assume this has to resolve lower. It
certainly can, though we are starting to repeat the same stuff over
and over. Earnings reports have been fairly good and many areas
already destroyed over the last few years internally.
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as I said, I'm expecting
Posted by matt on 4th of May 2022 at 05:22 pm
as I said, I'm expecting still higher prices and we had a symmetry break - so it may take some time to play out with an ABC like move higher low -
we had nice long legged doji candlesticks on Monday on SPX, Dow, XLF - you generally get a good move from that. And like you said, tons of bearishness and in these bear markets you tend to get what I call 'rip your face off rallies' this kind of stuff is typical in bear markets
Bears gotta be wondering if
Posted by fundamentalvalues on 4th of May 2022 at 05:26 pm
Bears gotta be wondering if that was the bottom though, it has to be in the back of their minds. Inflation reading will also be better and the peak inflation argument will be out there. Buffet bought $41 billion recently in assets. Climbing the wall of worry? Gotta stay balanced and not assume this has to resolve lower. It certainly can, though we are starting to repeat the same stuff over and over. Earnings reports have been fairly good and many areas already destroyed over the last few years internally.