Posted 15 November 2017 - 10:15 AM
"It's not the knowing that is difficult, but the doing"
"No warning can save people determined to grow suddenly rich" - Lord Overstone (The great crypto mania of 2017)
Posted 15 November 2017 - 02:13 PM
The tide has changed. Dip buying going to be hazardous to from here on
as most have been socially engineered the past 8 years.
Everyone seems to think the holiday rally is coming, but is it? maybe, maybe not.
I see 2 scenarios: 1. a very short term low comes at some point friday or monday where the bounce is very small, then
BOOM, spx down to 2425-2450 or 2. no bounce next over holiday week and straight down to 2425-50
Either way, those levels will likely arrive soon for a short term washout.
a 2-3 month retrace of losses
before the s*** hits the fan
btw, now that buffett is loading up on aapl, the TOP is in. how'd ibm work out? exactly.