Are you hitting your stops or your targets? Very hard for us to follow the game because you are neglecting bits like posting profit targets, and what you are reversing on. How about your own journal?
Well, you know I flip, namely, going from Long to Short and vice versa. So considering the two following posts below, you can see I bought ("long") at 40.75 and sold short ("short") at 44.50, netting 3.75 points in profit. My own journal? Nobody would read it.
Going long. Agreed with some that price likely will go up to 2750 before 2400. Retest low, if any, will be around earning seasons in a few weeks.
Always appreciate your perspective NQurious..how far down relative to Fri low do you think it needs to test before resumption of uptrend..?..5% down is close to HWB.. as you say, anything possible - was wondering if we open up volatility and have a large (200-300 pt) day in store like Mar 12, 13 16..maybe down hard, then reverse..
Anythings possible but i'd be shocked to see 2950 4 weeks into the greatest black swan in history. This will drag out on and off till a vaccines distributed world wide at the earliest 18 months. The economy going forward will be much different and much lower growth as people save more. Stocks buybacks will be considered evil going forward and thats responsible for 75% of the mkt rise the past 3 yrs. P/e's will come down substantially on normalized earnings. Huge gov't debt will constrain spending. Stocks could go thru yrs of stagnation like Japan.
Hi B1. You took me off ignore lol, I knew you would eventually. Whatever on that. Ya know B1... you have no idea how much I want you 2b right regarding this stuff. If you were ever right about anything.... I would torch and tag the gates of hell for you to be right on Corona. I reeeeally hope you are. Anyway, Lowes missed my $83.60 by $0.40. Need to sharpen that mp. Although it was pretty damn close. Note... It closed at $89. ahhh... tough to pat oneself on the back when the tide rose an equivalent %. (almost) We need a good pullback. I like Lowes....
50% retracement is 2785. We might see 2850 if we're lucky. But my gut feeling is that we trip and fall tomorrow and back down we go.