I will be playing the long side next week as things are setting up on the charts for the bulls.
Might need some sort of catalyst to drive it, I don't know what that will be, but I do think the setup is there.
We will see!
Next Week
Started by
MikeyG
, Oct 08 2022 11:39 AM
4 replies to this topic
#1
MikeyG
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Posted 08 October 2022 - 11:39 AM
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#2
Waver
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Posted 08 October 2022 - 01:22 PM
yea almost everything i look at says rally big time.
However market seems to be on the edge price pattern wise.
#3
pdx5
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I want return OF my money more than return ON my money
Posted 08 October 2022 - 04:04 PM
Use the high inflation filter when reading charts. During last 62 years of my exposure to stocks trading, we had only one stretch of 7 years with high inflation. Most data and charts are from periods of low-moderate inflation and that can skew interpretations during times such as this current phase.
Edited by pdx5, 08 October 2022 - 04:05 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#4
pdx5
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I want return OF my money more than return ON my money
Posted 09 October 2022 - 08:34 PM
The obvious catalyst to excite bears will be the PPI & CPI numbers coming up this week.
Edited by pdx5, 09 October 2022 - 08:35 PM.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#5
K Wave
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Posted 10 October 2022 - 09:40 AM
TLT VIX....enough said
until those reverse...LOB
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
