Rant starts ;) I hope i am wrong, i guess. But the way i see it, when else are you going to short - at the bottom, nah, might as well do it now. When every mainstream economist still thinks everything is great. And while Trump still beats the drums of awesomeness.
Except for few rational and professional traders that know what is coming down the pipe, i would say why go long now? When you can go long on the cheap! In fact going long in the last 3-6 months made 0 sense, except for quick gains.
Let the market have its course, and correct for just 7-14% and get back in and start gaining quick awesome profits all the way to 250, then to 200?
Those poor 401k, and those sad retirement funds. All will scream for a bailout, i can almost hear them back from 2019-20. Who am i kidding. Fed and Trump will save the day! QE all the way, helicopter cash, and no problemo. No debt is too big, and no fund is too small to fail
It is different this time, we are prepared, tested, measured and conscious - sarcasm.
I wish everyone the best in these coming volatile days.
Our bull market is strong relative to 2000, but it is not invincible. We might not touch 200 again, but to think we can't have correction right now, starting right here. Is just odd. Technical analysis is not a prediction tool, but it sure as hell can show us some serious warning signs.
**LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you, Ajion
Komen
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This is just the beginning, can;t wait to reload for both sides, knowing what is coming down the pipe.
Based on this analysis, what stocks do you see with the more potential to be shorted ?
Ajion
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@bluwhale85, Fangs, is a good start. check SOXL it is creating a diamond formation on the top. scary.
Find something that went Hyperbolic and see how you can short it, timing is hard when it comes to shorts. Bulls always die hard - fighting to the end.
I shorted Netflix, Nvidia and SPY. Got stopped out on AAPL, should have went with AMAZON, oh well.
I personally want APPL do drop like 30%, so that we can punish all those lazy money printing bankers, but that is just me.
SMAll caps actually started down turn earlier. Noticed it, when my wife started buying inverse etfs, lol. That was peculiar, once i saw those charts i realized SPY is not far behind.
Tomorrow we will get jobs report, we might have a rally up, but i;ll be shorting around 12 or 2 pm, Next week might be ugly, but who knows those things.
Either way, even if do go down this month, we WILL rally hard after, and that is when REAL short begins, it will be deeper and harder. MAD money to be made that is for sure. This going to be big wealth transfer.
Just be on a lookout, knowing that bear event is coming is a lot better then not. Use bollinger band, it usually helps in these situations.
bluwhale85
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@Ajion, thanks Ajon, yeah i shorted aapl as well but i really dont understand wherebdoes all that money comes from. Will keep an eye on most tech and will be warching biotech as well.