Member
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
Member
Posted 03 November 2023 - 08:08 PM
Member
Posted 05 November 2023 - 07:57 AM
Somebody waivd thr magic wand and highr for longer just disappeared?
I want return OF my money more than return ON my money
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.
Member
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
Edited by barbu, 05 November 2023 - 10:19 AM.
