3309 Drysdale Ct
Edwardsville, IL 62025
Matt / Steve
I know you guys are bearish longer term perspective. But
obviously no one knows what markets will do. And I know you guys
are flexible to adjust to the market.
so the question I have is - what would it take for you guys
to change your long term outlook ? Is there a certain level on SPX
QQQ that you are watching to switch to bullish thesis ? I do recall
many months ago , Matt posted a chart with longer term secular bull
market thesis with a very aggressive target on SPX. Would
appreciate if you can respond at your convenience. Thank
Folks are getting bullish...perfect!
This is not about being right or wrong. This is about making
money and being flexible. Many top hedge fund managers called the
end of bull market even in 2020. It doesn’t matter whether fed
manipulated etc. Markets don’t care what you or I think. I am ready
to adjust either way rather than predict something and stick to one
direction and get screwed. I see few people are just waiting to
short and missed so many great long opportunities that Matt / Steve
Yes as stated FOCUS on the trend and YOUR PLAN. I'm simply
trading around my positions in accordance with my plan. Only
shorts were hedges against my longs until trend changes.
Lastly forget about the terms bullish and bearish - means
little. Instead focus on the trend and YOUR PLAN. The
trend is up until evidence changes - just because price hits a
level doesn't change the trend
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.
Yes - as stated YOUR RESPECT THE TREND - only hedging if needed.
See prevailing trend channel and respect. Remember when
many were bearish weeks ago I gave out a bullish projection - now
monitoring this inflection zone. Just to be
CTAs have been moving market
Faded that spike - stop trailing
Taking partial +11 on the short - stops at entry on balance.
The problem with the fundamentals of the economy is that we
think we understand them. It’s only later that we will look at what
happened and construct a narrative to make sense of it. In short,
the future is rational only in hindsight.
I agree, I've been converted over the last years that none of
this information matters or is the reason the market does this or
that. Stories are made up everyday for why it went up or down. So
many metrics and it is a waste of time on a net basis for me. I'm
focusing on one thing, price. Because price is all that matters.
Risk/reward of taking a position on an instrument at a certain
price, etc. Buy supports and sell resistances. Saving my energy for
life other than the market. Keeping it simple.
Clarification... not saying that Matt and Steve are getting
bullish but clearly the psychology is starting to change on this
Hey, who's going to argue with WSJ? The BULL is back!
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