only thing that makes sense now is buying the dip in america where they print and pump with no limit, also because of elections.
Edited by andr99, 28 May 2020 - 12:59 AM.
Ok we are in bullish mode now....
Started by
andr99
, May 28 2020 12:58 AM
18 replies to this topic
#1
andr99
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Posted 28 May 2020 - 12:58 AM
forever and only a V-E-N-E-T-K-E-N - langbard
#2
andr99
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Posted 28 May 2020 - 01:06 AM
elections...........if tomorrow a large meteor, hits the earth, the next day powell wakes up and prints a mount everest of dollars......so the only possibility here is long now.
forever and only a V-E-N-E-T-K-E-N - langbard
#3
andr99
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Posted 28 May 2020 - 01:13 AM
if ever a meteor had to hit the ground, may it fall on the head of chinese government
forever and only a V-E-N-E-T-K-E-N - langbard
#4
da_cheif
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Posted 28 May 2020 - 04:19 AM
only thing that makes sense now is buying the dip in america where they print and pump with no limit, also because of elections.
oh oh..........-g-
#5
12SPX
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Posted 28 May 2020 - 07:49 AM
I think your right because rationality is no longer important. With the SP500 up 7% in 7 trading days I figure by the end of the year it should be up about 130% for the year! Buy buy buy!!
#6
andr99
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Posted 28 May 2020 - 08:06 AM
I think your right because rationality is no longer important. With the SP500 up 7% in 7 trading days I figure by the end of the year it should be up about 130% for the year! Buy buy buy!!
when they decide that the market is not allowed to drop, it can only go up....they have the printing press.....I start to see bullish patterns in italian stocks that are always late in the party so that they can be used for confirmation that the bull in america will go on and on
Edited by andr99, 28 May 2020 - 08:06 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
#7
K Wave
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Posted 28 May 2020 - 08:08 AM
Only possible big fly in the ointment still the NDX action....
Dow gapping up as it looked ripe to do yesterday, but NDX looks like it will gap down pretty big.
If it fails to climb back over 9400 after the open, then we could still be closer to a top than a liftoff point.
But if it comes storming back into green after the open, then everything likely back in sync upside...
If bulls start pulling away from 3030 level today on SPX, then the bears dreams of a 1929 style bear market about to be crushed...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#8
12SPX
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Posted 28 May 2020 - 08:09 AM
I've always said this and have never been wrong yet in 35 years! The market never goes up forever and it never goes down forever. I agree it could continue higher but 7% in 7 days is irrational and it will adjust itself!!
#9
andr99
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Posted 28 May 2020 - 08:16 AM
I've always said this and have never been wrong yet in 35 years! The market never goes up forever and it never goes down forever. I agree it could continue higher but 7% in 7 days is irrational and it will adjust itself!!
sure it will, but in the longer term it will rise.
forever and only a V-E-N-E-T-K-E-N - langbard
#10
12SPX
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Posted 28 May 2020 - 08:19 AM
Totally agree! I'm never a bull or bear I just trade it sometimes short term but generally selling premium up and down! Already took profits on my puts way down at 2600 and am selling the calls at 3120, 3150 for June expiration! The premiums will be crushed soon with even a small pullback and I'll likely cover them.
