Posted by DigiNomad on 21st of Mar 2024 at 11:03 pm
SPX - looks like maybe we're going back to the overnight tag of
anchored VWAP. The closest one currently is at 5237 - that is
anchored from the JPOW pop. The next one is quite a ways down at
5190 - anchored from the last touch of the bottom of the rising
channel. Seems less likely as that would be a 100% retrace of
the JPOW move...but we are potentially somewhere in a wave 5, so
maybe this time will be different. If the pattern of an
overnight VWAP touch then bounce is back, the touch and bounce are
likely to occur somewhere around 0400 Eastern Time (weird to be so
specific, but that was the pattern for a while not to long ago).
If stars really align, maybe this will start the move
to a touch of the 9 week EMA for the 1st time in 20 weeks...and
then pigs might start flying (scratch that - pigs are already
flying - RDDT IPO'd today).
Posted by DigiNomad on 22nd of Mar 2024 at 11:07 am
Anyone cheering on the lawfare he's been experiencing isn't
thinking through what it's going to be like when the shoe is on the
other foot. Power always shifts back and forth and many have been
openly cheering this on because they hate the man, but the
precedent it's setting will come back to bite...probably all of
us.
Posted by mastermind on 22nd of Mar 2024 at 01:04 pm
I think Trump has brought a lot of his troubles on
himself, but this civil judgment is clearly excessive (which has
long been true with lawsuits against big corporations).
Posted by DigiNomad on 22nd of Mar 2024 at 01:16 pm
He would barely make it into IWM, much less be considered a big
corporation. The judgement is probably 50% of his net worth
and not much of that is liquid (I think we all know part of his
brand management involves saying he's worth more than he actually
is). They haven't figured out penalties high enough to punish
large corporations like AAPL, GOOG and MSFT. They simply budget for
it and easily absorb what we consider massive judgements - it's
part of their business plan.
Posted by DigiNomad on 22nd of Mar 2024 at 01:09 pm
It grossly exceeds the amount needed to indemnify the
victim...but it gets better...there doesn't appear to be a victim.
It's a circus and a witch hunt wrapped into a soup
sandwich.
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SPX - looks like maybe
Posted by DigiNomad on 21st of Mar 2024 at 11:03 pm
SPX - looks like maybe we're going back to the overnight tag of anchored VWAP. The closest one currently is at 5237 - that is anchored from the JPOW pop. The next one is quite a ways down at 5190 - anchored from the last touch of the bottom of the rising channel. Seems less likely as that would be a 100% retrace of the JPOW move...but we are potentially somewhere in a wave 5, so maybe this time will be different. If the pattern of an overnight VWAP touch then bounce is back, the touch and bounce are likely to occur somewhere around 0400 Eastern Time (weird to be so specific, but that was the pattern for a while not to long ago).
If stars really align, maybe this will start the move to a touch of the 9 week EMA for the 1st time in 20 weeks...and then pigs might start flying (scratch that - pigs are already flying - RDDT IPO'd today).
VWAP - didn't tag the
Posted by DigiNomad on 22nd of Mar 2024 at 11:04 am
VWAP - didn't tag the VWAP and bounce until 0700 EST...I thought it would happen 3 hours earlier. Now sitting slightly below but looking bouncy.
Anyone cheering on the lawfare
Posted by DigiNomad on 22nd of Mar 2024 at 11:07 am
Anyone cheering on the lawfare he's been experiencing isn't thinking through what it's going to be like when the shoe is on the other foot. Power always shifts back and forth and many have been openly cheering this on because they hate the man, but the precedent it's setting will come back to bite...probably all of us.
I think Trump has brought
Posted by mastermind on 22nd of Mar 2024 at 01:04 pm
I think Trump has brought a lot of his troubles on himself, but this civil judgment is clearly excessive (which has long been true with lawsuits against big corporations).
He would barely make it
Posted by DigiNomad on 22nd of Mar 2024 at 01:16 pm
He would barely make it into IWM, much less be considered a big corporation. The judgement is probably 50% of his net worth and not much of that is liquid (I think we all know part of his brand management involves saying he's worth more than he actually is). They haven't figured out penalties high enough to punish large corporations like AAPL, GOOG and MSFT. They simply budget for it and easily absorb what we consider massive judgements - it's part of their business plan.
I am not worried about
Posted by hitdmark on 22nd of Mar 2024 at 01:24 pm
I am not worried about it the Saudis as always will bail him out
It grossly exceeds the amount
Posted by DigiNomad on 22nd of Mar 2024 at 01:09 pm
It grossly exceeds the amount needed to indemnify the victim...but it gets better...there doesn't appear to be a victim. It's a circus and a witch hunt wrapped into a soup sandwich.