ST bottom was in ....................
Edited by redfoliage2, 24 February 2022 - 12:34 PM.
Sold on the rumor, now buying on the fact
Started by
redfoliage2
, Feb 24 2022 12:30 PM
39 replies to this topic
#2
redfoliage2
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Posted 24 February 2022 - 12:41 PM
ST target SPX 4460
#3
Rogerdodger
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Posted 24 February 2022 - 12:43 PM
With all that cash flooding in for over a year, today's NYSE price low touched last February's high.
Meanwhile gasoline has tripled.
A lot of that free money went into Bitcoin at near the high of $70,000.
Half of that money has now vanished!
The $200 Billion Club Loses Last Member as Musk Wealth Tumbles...
Edited by Rogerdodger, 24 February 2022 - 01:11 PM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#4
redfoliage2
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Posted 24 February 2022 - 12:45 PM
Corporate buy-backs on overdrive ....................
Edited by redfoliage2, 24 February 2022 - 12:45 PM.
#5
hhh
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Posted 24 February 2022 - 12:48 PM
With all that cash flooding in for over a year, today's NYSE price low touched last February's high.
Meanwhile gasoline has tripled.
A lot of that free money went into Bitcoin at near the high of $70,000.
Half of that money has now vanished!
That money didn't vanish, it went from the bitcoin buyers' accounts into the accounts of those that sold up there.
#6
12SPX
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Posted 24 February 2022 - 12:55 PM
With all that cash flooding in for over a year, today's NYSE price low touched last February's high.
Meanwhile gasoline has tripled.
A lot of that free money went into Bitcoin at near the high of $70,000.
Half of that money has now vanished!
That money didn't vanish, it went from the bitcoin buyers' accounts into the accounts of those that sold up there.
Great way to look at it!!!
#7
12SPX
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Posted 24 February 2022 - 01:01 PM
ST target SPX 4460
I'll take that bet for more beer, there's no way the markets gonna be up +7% by the close!!
#8
fib_1618
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Posted 24 February 2022 - 01:07 PM
One may want to look at the current technical condition of the marketplace before calling bottoms of any degree.
More like the last deep breath before the plunge is taking place...hopefully the bungee cord will hold.
Fib
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“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
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Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#9
hhh
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Posted 24 February 2022 - 01:08 PM
It's just a corollary to the reality that is in opposition to the "money on the sidelines" myth. There are no sidelines; there are cash accounts. Money goes from the buyer's to the seller's as the security changes possession in the opposite direction. You can speak of a certain segment of market participants as being on the sidelines while they're in cash if you like, but nobody's cash is on the sidelines, it's just in accounts.
Cash doesn't go "into the market" or "come out of the market," but you might say that participants do. The last time I brought this topic up on this board, I got insults hurled at me, but no rational argument to oppose what I wrote. The same thing happens everywhere I post these thoughts. I'm still waiting for a coherent argument that successfully opposes this one (which I don't stake any particular claim to; I'm not the only one that sees it this way.)
#10
12SPX
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Posted 24 February 2022 - 01:22 PM
Great point, this is why I say everyone needs to respect each others opinions no matter how crazy they are, no one and I mean no one knows whats really gonna happen in the market!! Thus my saying, the market never goes up forever and it never goes down forever if your calling it to the moon or down to the ground lol!!!
