.........which is disliked
LOL...........
in the meanwhile the spx is targeting 4500 imo, exactly when everyone was waiting for it to drop
Edited by andr99, 08 June 2023 - 02:52 AM.
Like when you make a good prediction....
Started by
andr99
, Jun 08 2023 02:49 AM
5 replies to this topic
#1
andr99
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Posted 08 June 2023 - 02:49 AM
forever and only a V-E-N-E-T-K-E-N - langbard
#2
K Wave
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Posted 08 June 2023 - 07:29 AM
Funny thing is I had my best day in a while (over 10% gain on equity) yesterday...after SHORTING Apple Meta Msft big into the ridiculous apple event with big leverage.
Individual stocks still far better way to make money in this environment than the indexes.
But unless MEGA stocks dropping real hard starting next week, and use their huge mega weights in the indexes to start crushing them, indexes may continue to rise.
And if so, some of the laggards may start to play catch up....already saw that in Rusty this week.
Failure of SPX to hold the 4200 breakout would be first possible sign MEGA about to wreak havoc with those SPX 4500 plans....
And again...still watching DAX VERY closely here, as I think it may provide some very good directional clues...real soon.
A liftoff from this configuration could be painful for bears....and vice versa...a failure to launch could be real no bueno for bulls, as it would seal in that Island in The Sky on cash DAX
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#3
K Wave
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Posted 08 June 2023 - 07:41 AM
A look at cash DAX.....bulls need to get to liftoff strongly over 16K....and soon...or it will start to get ugly.
They still have the ball in their court at the 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
#4
steadyquest
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Posted 08 June 2023 - 01:39 PM
Not sure sox is done messing with the bears. Here's a 9X inverse sox count of the recent panic AI buying spike, indexed to the extremes of the may 25 candle.
Here's a weekly from october with a similar end count.
#5
steadyquest
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Posted 09 June 2023 - 10:20 AM
Here's a sox 9X up-count for the IA rally. I'm curious what our Italian friend anticipates happening after spx 4500 is hit.
#6
andr99
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Posted 09 June 2023 - 11:47 AM
Here's a sox 9X up-count for the IA rally. I'm curious what our Italian friend anticipates happening after spx 4500 is hit.
after 4500 I would take a look at 4600......LOL
Jokes apart I think 4600 is the true target. After that I would expect a short term correction of the up leg which is bringing us to that target
BTW......I am venetic....where Venetia is the region touched by the Adriatic sea, just south of Austria
Edited by andr99, 09 June 2023 - 11:51 AM.
forever and only a V-E-N-E-T-K-E-N - langbard
