In the greater scheme of things, what only matters is the trend. It does not mean that stocks going down will go down every single day. There will be rallies, even strong rallies to the upside. Still, if you can read the trend, on the stockchart, you can position yourself to make monies on the major trend of that stock, etf, mutual fund, etc. Ride the trend as long as it remains intact. All you need is to align yourself to the major trend. Fools who buy every dip blindly, as encouraged by hacks on TV and Cable, will only pile on more losses without a clue to what is happening in the stockmarket. There is too much arrogance among the fools that do not really know how the stockmarket works. Either you know how the stockmarket works, or your don't. There are only two camps, on which camp are you? The bigger camp is full of ignorant people, who are also, arrogant and think they know squat. Wait till they lose most of their monies.
I agree with everything you say. Especially the first sentence. I joined the club, because I need conflict lol. I’m on a mission to convert them. It will be an uphill climb, it’s a 55+ community in Florida lol
Ironic that those that need a financial education will lecture you that you cannot predict what happens in the stockmarket. Now, that is true to some extent although, that is only partly true. What do you do when you invest or trade the stockmarket and take a position? Before you take that trade or invest in that stock, you have already analyzed and have an idea that the stock is a solid company (fundamental analysis) and likely, to go higher? Now, this is where you separate the arrogant twits vs the smart traders and investors. The smart investors and traders see that XYZ stock is trending down and instead, shorts that stock with put options. The dumb arrogant twits buys because the stock is a bargain. It used to be $150 per share, now it is only $50 a share? A huge bargain. They put a good chunk of their monies down because surely, XYZ will go thru the roof? Well, maybe in 10-20 years or maybe, not. Guess who ends up losing most of their monies?
%% Good points. THAT's crazy, but helpful. Not that your comments are crazy;its crazy how the news seems to follow trends. Actually i would prefer news like TGT losing all that %, AFA has a boycott on them And WSJ had an old article on that, more than 52 weeks old......................................................
There are still buyers coming in and buying at these price levels. Trend is still down. I am just waiting on the major trend which is down to re-assert itself. At some point, the stockmarket will go down and by a lot and continue to go down. Buyers will not be able to keep it up for long. The big boys (hedge funds, mutual funds, banks and brokers) will ride this downtrend and collect their massive profits. I am only along for the ride.
%% LOOKS right/some Tech upticking ; TGT down again, waaaay below 200dma\SPY+ QQQ below 200 day moving average also. ..........Its a bear market you know\LOL
Got another hack on Bloomberg saying we are nearing capitulation. I was laughing my ass off. This stockmarket has not dropped huge enough for there to even be any signs of capitulation. Capitulation happens near the bottom where desperate stock investors and traders sell out their shares dirt cheap fearing losing what very little they have left. Think the Grand Canyon and jumping off the cliff---- it will take you a while, to hit rock bottom. Still, you will be just as dead when you hit the bottom. We are a long ways to go. This stockmarket still has to crash in a very large way.