Trannies first to fresh lows...no surprise there...
now we see about RUT
When You Hear Hoofbeats, Think Horses… Not Zebras
Started by
IYB
, Aug 28 2022 09:51 AM
59 replies to this topic
#21
K Wave
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Posted 30 August 2022 - 08:53 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
K Wave
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Posted 30 August 2022 - 09:07 AM
32K...can bears get the hourly close under??
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
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Posted 30 August 2022 - 11:12 AM
Apple pretty much has made the first move I was expecting from 175...
IF...it does not just give way here near the 200 day, then one last ramp possible.
If it does get that ramp to say 165-166, then next time under 200 could kill it for good....
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
beta
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lasergirl
Posted 30 August 2022 - 11:35 AM
QQQ broke down this morning from rising T/L < 303. We're headed back to retest the June lows.
"Daytrading -- An Extreme Sport !"
#26
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Posted 30 August 2022 - 11:42 AM
TSLA 4 hour...still looking like classic bear transition on this longer time frame..
A close under 280 today likely gets the ball rolling downhill again....but no full scale crash watch until the 200 MA broken....when that happens, rapid rupture possible at any moment....
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
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lasergirl
Posted 30 August 2022 - 11:45 AM
250 looks very doable on TSLA.
.. And it would still be over-valued 
Edited by beta, 30 August 2022 - 11:47 AM.
"Daytrading -- An Extreme Sport !"
#28
IYB
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Posted 30 August 2022 - 11:53 AM
I use pure technical analysis for ALL trading decisions. But if I needed or wanted to understand WHY all trends are down, this statement from Kashkari makes it crystal clear what the FED wants the stock market to do over the months ahead:
FED'S KASHKARI: "I WAS NOT THRILLED TO SEE THE STOCK MARKET RALLY FOLLOWING OUR MOST RECENT FEDERAL OPEN MARKET COMMITTEE MEETING."
https://twitter.com/...620208358113290
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds
#29
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Posted 30 August 2022 - 12:03 PM
250 looks very doable on TSLA.
.. And it would still be over-valued
If that was a typo and you meant $150, then correct.
TSLA now back inside the daily crash window with the 2 hundie in full rollover mode this time....
This could now get real ugly...at any time....
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
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Posted 30 August 2022 - 12:07 PM
FB/META gives an idea of just how fast it can all come undone in the crash window....
Now granted Tesla a far better company than the retards over at Meta....but since it is extremely overvalued, literally one piece of bad news could cause that air gap to fill..possibly quickly
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
