4 replies to this topic

[andr99]

92% rate of success

 

https://it.investing...e-al-92-1968929

 

should we believe that ? Or is it an old style propaganda news ? 

[alexnewbee]

Great stuff. Can I get long on it?

[andr99]

Great stuff. Can I get long on it?

 

I would, because of many other reasons that point all together to the same direction. The news I posted was just to underline that we are close to see the end of covid and the stock markets know it.   

Alex I don' t want to influence your decisions, but Milan has started to rise after a prolonged sideways action that lasted months. Every time America takes a dip, Milan takes a free fall. So if Milan clearly makes you see a bullish end of the year in the making, I doubt America is going to correct, because the troops always follow the generals. Usually the generals are better than the troups at hiding what they are going to do, so maybe looking at the troops works better. 

That said you are the only one who has the responsability of your decisions. Don' t listen to me, but pay attention because having a bias on the stock market action usually doesn' t work. 

Edited by andr99, 11 November 2020 - 10:18 AM.

[alexnewbee]

 

Great stuff. Can I get long on it?

 

I would, because of many other reasons that point all together to the same direction. The news I posted was just to underline that we are close to see the end of covid and the stock markets know it.   

Alex I don' t want to influence your decisions, but Milan has started to rise after a prolonged sideways action that lasted months. Every time America takes a dip, Milan takes a free fall. So if Milan clearly makes you see a bullish end of the year in the making, I doubt America is going to correct, because the troops always follow the generals. Usually the generals are better than the troups at hiding what they are going to do, so maybe looking at the troops works better. 

That said you are the only one who has the responsability of your decisions. Don' t listen to me, but pay attention because having a bias on the stock market action usually doesn' t work. 

 

Thanks Andr. I know what you are talking about - the only difference is I am following the DAX, not Milan, and I often make arbitrage trades if I see DAX is flying  but NDX or SPX are lagging. So thanks for your observation.

As of today  - DAX encourages to make long bets, it just refuses to correct, even if Trump makes some legal issues.. so probably ST bulls are right (in spite of insane valuations), especially looking at www and opex next week.

[andr99]

as I see it there's a rotation underway from Nasdaq to Dow and Milan and Dax are full of stocks linked to the traditional production sectors and thus follow the Dow essentially, so that's why both Milan and Dax are showing strenght, because the Dow is.