Here we come TSLA 670 and SP 3780...
Likely big moment of truth....
IF bulls win out, then we don't go out on the low for June after all.
But if Bears win out, then still a distinct possibility...
On Vacation: This. Market. Waits. For. No. One.
Started by
dTraderB
, Jun 30 2022 08:00 AM
106 replies to this topic
#21
K Wave
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Posted 30 June 2022 - 10:12 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#22
pdx5
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Posted 30 June 2022 - 10:23 AM
Bought Amzn how much? 1% OR 10% OR 100% of trading capital?
Size matters!!
This was one of the easiest bear market to predict in decades. I based it on rate of inflation and stock valuations.
I am not a fan of charts because basically you are looking at history. It is like driving forward looking in rear view mirror.
If Warren Buffet starts posting charts, I may change my mind.
I did not see many posts from TA experts in January this year predicting the Niagara falls in Tech coming up.
Why not if charts are so useful?
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#23
K Wave
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Posted 30 June 2022 - 10:25 AM
TSLA gettin' the floor recapture look...would totally expect it to lead any stick save...
needs to punch out over 680 before bears reclaim 670 to seal the deal..but certainly looking like bears had no firepower on the attempted break
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#24
K Wave
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Posted 30 June 2022 - 10:28 AM
Bulls till need VIX back under 29
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#25
12SPX
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Posted 30 June 2022 - 10:29 AM
Don't think you were reading mine and d's comments then as we were pretty bearish in December when everyone else was bullish lol!! I had to hold my short for almost 3 weeks lol!!!
#26
K Wave
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Posted 30 June 2022 - 10:53 AM
Still nervously long Naz, but would really like to see VIX actually break...
Not givin' this one a lot of rope if we do not get VIX break real soon...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#27
K Wave
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Posted 30 June 2022 - 11:03 AM
It may end up punchin' though later...but taking the long off here at 5 min resistance zone on NDX...
See if VIX give some confirmation to bulls later today...
Edited by K Wave, 30 June 2022 - 11:04 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#28
K Wave
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Posted 30 June 2022 - 11:06 AM
I should probably try a short here...but do not have a good read right here with mixed time frames..
Have a feelin' bulls not quite outta the woods just yet though...see how next hour or so plays out...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#29
K Wave
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Posted 30 June 2022 - 11:12 AM
Still watching this 1 min battle on TSLA....
687 would be a really big last gasp, but if bulls lose 670 again, I suppose it's possible...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#30
pdx5
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I want return OF my money more than return ON my money
Posted 30 June 2022 - 11:14 AM
Don't think you were reading mine and d's comments then as we were pretty bearish in December when everyone else was bullish lol!! I had to hold my short for almost 3 weeks lol!!!
Haha you post so many posts, my 82 year old memory can't possibly remember evrything.
But if you foresaw the bear market coming, congrats!
What was your forecast based on if I may ask?
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
