26 replies to this topic

[redfoliage2]

The correction not done yet, I'd not be surprised to see a late afternoon dump ....................

Edited by redfoliage2, 23 February 2021 - 10:51 AM.

[redfoliage2]

This looks bounce to sell.  Watch out the last 30 mins before the close ........................

[redfoliage2]

The market is currently on an over-sold bounce ..................

[brucekeller]

What about JPow saying hes going to print us to the moon?

[12SPX]

It's going to be interesting with these rising rates for sure but I even heard an economist talk about my own "Poof" economic theory yesterday.  They write you a check and it goes on the ledger but because they printed it themselves it just goes poof on the credit side.  If you think about it the government does have legal printing of money so if it stays in the US and spent there does it really matter how much you have lol!! 

[redfoliage2]

What about JPow saying hes going to print us to the moon?

The market has been on the over-sold bounce since yesterday afternoon in response to his lip service/jawboning ..................

[brucekeller]

Wasnt it going down on the chance he talked about raising rates soon?

[redfoliage2]

The market was already in VST over-sold conditions yesterday after he testified in the Congress ............

Edited by redfoliage2, 24 February 2021 - 09:55 AM.

[redfoliage2]

But if the Fed actually keeps buying the bubble can last longer than many think and so for a ST top yesterday may be the ST bottom........ ......................

Edited by redfoliage2, 24 February 2021 - 10:33 AM.

[redfoliage2]

The ST correction was likely done and we should expect new highs in early March thanks to Jay and Janet ...............

Edited by redfoliage2, 24 February 2021 - 11:32 AM.