out here at 2872 +35 still holding 2852 (the one everyone thought i'd get killed on , lol) Will cover this at 2900 area
this is why the people who are 'long only' and have been for years and years don't get worried and panic when once in a blue moon there is a large daily down candle and everyone is screaming 'crassshhhsh!!!!!'' Because in order for the market to wipe out all of the profits made over the last 5 years, it would have to make a move that simply will not happen. There'd need to be World Trade Centre type terror attacks every week lol
it's still moving up in the after hours as expected. Glad I got back in long, but shame I closed a large percentage of it initially
That chart is damn scarrrrrry..... Looks like there is nothing but air at this point underneath that chart...sky high and ready to just take a big turn south......I have a friend who has been in this market for a decade+ and for the first time ever he is starting to worry and is shaving off positions....this is someone who has never thought about selling a single share of stock....