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Week June 22 - decline begins.


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#1 Dex

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Posted 19 June 2020 - 05:26 PM

Late Aug or Sept for bottom

 

We need to see how it gets there to get a number.

 

S&P weekly next post ... same for RUT and Dow

 

https://stockcharts....id=p62753726749


Edited by Dex, 19 June 2020 - 05:29 PM.

"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#2 Dex

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Posted 19 June 2020 - 05:28 PM


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#3 Dex

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Posted 19 June 2020 - 05:30 PM


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#4 CLK

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Posted 19 June 2020 - 05:42 PM

This will be over next week, new ATH's into end of July.



#5 Dex

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Posted 19 June 2020 - 06:45 PM

This will be over next week, new ATH's into end of July.

 

No way.

 

- Virus close down fears rise, governors tighten up in some states, hospitals get near max 

- China trade talks go nowhere

- North Korea heats up

- Fear of Trump loss

- Opening euphoria subsides

- Island reversal in most indexes

- Business bankruptcies suprise

- Business delay opening

- Initial uptick in retail shopping/eating goes away. 

 

In short, the market is priced for perfection - not reality. 


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#6 da_cheif

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Posted 19 June 2020 - 09:20 PM

watch the sky.....

 

 

 

mixing fa and ta is like adding water to gasoline   ...ur market engine wont go

 

opex decline is starting 3 days of fear for the price of one      bears are so easy

 

https://www.siliconi...rchtxt=lathered


Edited by da_cheif, 19 June 2020 - 09:25 PM.


#7 LMF

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Posted 19 June 2020 - 09:24 PM

The QQQ chart looks so bullish right now, it could be discounting a vaccine in the next 5 minutes.  That sounds insane, but it wouldn't be that much of a stretch. QQQ chart is the leading edge of the equity market.....multiple new ATHs in June so far.  And looking at a broader AD line on the SPX, the entire virus thing looks like just a vanilla flavored correction.  There's nothing bearish about it at all. 


Edited by LMF, 19 June 2020 - 09:28 PM.


#8 Dex

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Posted 19 June 2020 - 09:42 PM

watch the sky.....

 

 

 

mixing fa and ta is like adding water to gasoline   ...ur market engine wont go

 

opex decline is starting 3 days of fear for the price of one      bears are so easy

 

https://www.siliconi...rchtxt=lathered

The owl is on the roof.


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#9 da_cheif

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Posted 19 June 2020 - 10:31 PM

another superstition........lololol     wwii  korea vietnam.  asian crisis.....oil crisis   crash of 87 ....wtc.........housing collapse....continental illinois collapse    WTC take down   COVID....gimme more of them OWLS ON DA RUEFF    LMAO


Edited by da_cheif, 19 June 2020 - 10:32 PM.


#10 risktaker

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Posted 20 June 2020 - 12:41 AM

- Fear of Trump loss

This one might have been priced in already. 😄