Once again way to much exuberance, people are just so stupid. Not sure why I'm thinking about it but although I was young I remember back in the 80's up to 87 when traders then "reacted" to the news with buying or selling, no one ever really went hard ahead of big reports like they have since after the 87 crash. Maybe its the computer age or the algo traders not sure, but this is one reason why I like looking at the option prices to recognize exuberance or not. Profit stop 4080...
Extreme bearishness to IRRATIONAL EXUBERANCE
Started by
dTraderB
, Sep 11 2022 04:50 PM
391 replies to this topic
#52
K Wave
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Posted 13 September 2022 - 07:50 AM
Dow 45 gettin' that Bear Prison Break look to it....
Under the 200, will look even more like it...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#53
12SPX
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Posted 13 September 2022 - 07:54 AM
Oh no did Cramer read my post even he said traders are stupid lol!!! profit stop 4060
#54
K Wave
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Posted 13 September 2022 - 07:56 AM
Apple just missed that 165 print I said was still possible on a bounce....
At this point still near pic perfect bear turn action...
Now bears have to reclaim 160 and hold it....and then things might get a little less tricky......
Above 165 now, and bears could have real trouble on their hands...but still in the camp that won't happen...we should know pretty 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
#55
linrom1
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Posted 13 September 2022 - 07:58 AM
This was the single biggest market deception ever.
#56
K Wave
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Posted 13 September 2022 - 07:59 AM
And back to those 45 min charts I said were looking so important a few days back....
IF/When Apple breaks the 45 pivot, Look Out Below for a loooooong time to come....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#57
K Wave
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Posted 13 September 2022 - 08:01 AM
TSLA approaching 290....
One more bounce to 300? Or straight on through?
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#58
12SPX
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Posted 13 September 2022 - 08:12 AM
profit stop 4050... lets hope for a 100 point day!!!
#59
dTraderB
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Posted 13 September 2022 - 08:14 AM
I think it breaks & trades below ES 4k today
but could close higher
profit stop 4050... lets hope for a 100 point day!!!
#60
K Wave
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Posted 13 September 2022 - 08:17 AM
Google gonna open with yet another horrifically ugly break after the relative weakness yesterday.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
