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#1 andr99

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Posted 03 November 2023 - 05:23 PM

1) we have had the reversal we were waiting for and we're on route to reach new all time highs

 

2) it is just short covering and we haven't seen the bottom yet, so that we will go below last Friday's lows 

 

My personal bet is 1)  


Edited by andr99, 03 November 2023 - 05:24 PM.

forever and only a V-E-N-E-T-K-E-N - langbard


#2 SteveB

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Posted 03 November 2023 - 08:08 PM

My bet is on 2). This was a rip-your-face-off FOMO bear market rally.

#3 slupert

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Posted 05 November 2023 - 07:57 AM

Somebody waivd thr magic wand and highr for longer just disappeared?



#4 pdx5

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Posted 05 November 2023 - 08:43 AM

My bet is for inflation to continue.

US budget deficits to continue.

Which requires printing more dollars.

Which means dollar value is going down.

Which means stocks must go up because of cheaper dollars.


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

#5 barbu

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Posted 05 November 2023 - 10:15 AM

1) we have had the reversal we were waiting for and we're on route to reach new all time highs

 

2) it is just short covering and we haven't seen the bottom yet, so that we will go below last Friday's lows 

 

My personal bet is 1)  

 

 

possible scenario: rolls down on breaching the resistance

 

(1) Government Shutdown Risk Looms Again This November

(2) FOMC December 12-13

 

stages another assault on higher zone

 

 

0.618 * 3 = 1.854

 

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Edited by barbu, 05 November 2023 - 10:19 AM.