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I posted yesterday Monday will be very bullish


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#1 pdx5

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Posted 12 March 2023 - 06:04 PM


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#2 K Wave

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Posted 12 March 2023 - 06:09 PM

yup, why I covered on Friday when JPM hit support....was obvious that PTB were not going to go down without a fight over the weekend...and you don't want to be short going into that scenario.

 

What happens after the bounce will be the tell....


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#3 fib_1618

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Posted 12 March 2023 - 06:24 PM

What happens after the bounce will be the tell....

 

To that end, it will be very important if prices are able to close near their initial highs at the open or risk being ambushed again by Tuesday and Wednesday's inflation data. What we do know right now is that with the just announced parachute provided by the FED and the FDIC for depositors for both Silicon Valley and Signature Banks, their continued policy of raising interest rates remains intact for next week as foolish as it may seem to do so.

 

All part of the "it's not my fault" thinking that goes on in Washington.

 

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#4 pdx5

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Posted 12 March 2023 - 06:37 PM

 

What happens after the bounce will be the tell....

 

To that end, it will be very important if prices are able to close near their initial highs at the open or risk being ambushed again by Tuesday and Wednesday's inflation data. What we do know right now is that with the just announced parachute provided by the FED and the FDIC for depositors for both Silicon Valley and Signature Banks, their continued policy of raising interest rates remains intact for next week as foolish as it may seem to do so.

 

All part of the "it's not my fault" thinking that goes on in Washington.

 

Fib

 

You are right, markets are vulnerable for more declines if inflation data remains high.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#5 cycletimer

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Posted 12 March 2023 - 06:53 PM

Yep, Goverment FREE Handouts are Bullish short term, in this case the SVM Bail-in.  It'll all cost everyone in the end. 



#6 skott

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Posted 12 March 2023 - 08:21 PM

So stop the rate cuts?  8% is ok so 20% will be ok? If we never experience a correction of this madness , we will have to deal with a collapse. I guess its unavoidable now


Edited by skott, 12 March 2023 - 08:22 PM.


#7 pdx5

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Posted 12 March 2023 - 11:24 PM

Looking more bullish!

 


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#8 OEXCHAOS

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Posted 13 March 2023 - 08:13 AM

Alas, gave it all back and then some... :(


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#9 pdx5

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Posted 13 March 2023 - 08:13 AM

Uh oh now market will open down
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#10 K Wave

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Posted 13 March 2023 - 09:15 AM

Watch that pivot at 148 on Apple...if it gets busted...GAME OVER

 

Above 152, and bulls might still have some hope.

 

Tesla still falling like a rock after "The Signal" at 205


Edited by K Wave, 13 March 2023 - 09:16 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