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7 TRILLION FED CASH, SPX 4400


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#11 dTraderB

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Posted 03 January 2021 - 06:04 PM

I traded during that famous or infamous Y2K year leading into the DOT COM bubble..... sure, you could not believe it but you had to 

trade the bubble rally because it was very profitable, too easy, too good to be true, and you knew it was going to blowup soon.... yet, 

you had to trade the market, mainly daytrading bubble dotcom tech stocks. We are now almost at that exuberance level but it still 

does not feel like that insanity of the dot com era. Maybe we need another 2k SPX rally to 4K before we reach the irrational exuberance levels of the dot com bibble

 

Fantastic thread. The “can’t be a bubble if everyone thinks it’s a bubble” cliche is still one of the most naive tropes going.
1/ Lessons From The Tech Bubble: Last year, I spent my winter holiday reading hundreds of pages of equity research from the 1999/2000 era, to try to understand what it was like investing during the bubble A few people recently asked me for my takeaways. Here they are -
 


#12 dTraderB

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Posted 03 January 2021 - 06:05 PM

Watching this GLOBEX opening few minutes... .. up, down, then going nowhere during first few minutes



#13 redfoliage2

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Posted 03 January 2021 - 09:51 PM

Gold futures just made a breakout from the shoulders line of the inverted H&S pattern, and ST it is going above 2000.....................



#14 dTraderB

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Posted 04 January 2021 - 08:12 AM

Bitcoin down, Gold up, Dollar down, ES up

seems logical, UNTIL IT IS NOT! 

 

I gave up trading GOLD in 2009.  Required too much time and it was too unpredictable. 

 

Gold futures just made a breakout from the shoulders line of the inverted H&S pattern, and ST it is going above 2000.....................



#15 12SPX

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Posted 04 January 2021 - 08:43 AM

Nice to see the market is getting so predictable starting this new year.  Had the trade in at the open to take it off at 3740 for a 8 point profit which has been predictable of late and the pajama traders filled my overnight rogue trade at 3770, keeping a profit stop at 3769 for the open.



#16 redfoliage2

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Posted 04 January 2021 - 09:18 AM

 

Bitcoin down, Gold up, Dollar down, ES up

seems logical, UNTIL IT IS NOT! 

 

I gave up trading GOLD in 2009.  Required too much time and it was too unpredictable. 

 

Gold futures just made a breakout from the shoulders line of the inverted H&S pattern, and ST it is going above 2000.....................

 

Nice to see my Feb Gold contracts up 50 overnight on the breakout from the inverted H&S pattern that should serve as an IT bottom ..............


Edited by redfoliage2, 04 January 2021 - 09:23 AM.


#17 12SPX

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Posted 04 January 2021 - 09:37 AM

Hmmmm debating if I should hold some behind here but nonetheless profit stop 3758! 



#18 12SPX

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Posted 04 January 2021 - 09:45 AM

Lets go crazy, profit stop 3750 and will start a short build above a bit!! 



#19 redfoliage2

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Posted 04 January 2021 - 09:53 AM

What a gap and crap in ES/SPX, thanks to the nightly monkeys ..................


Edited by redfoliage2, 04 January 2021 - 09:53 AM.


#20 12SPX

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Posted 04 January 2021 - 09:56 AM

Took it off at 3740 for a smooth 30 point profit, will sell above!