Market inflection point reached

Discussion in 'Trading' started by Hunter2020, Jun 19, 2023.

  1. SPX touched 4444 on Friday which is extremely bad luck in the East plus Blinken visit to China, the top US diplomat to China since 2018. They always stage this kind of bullshiete at market inflection points. THIS is what makes the stock market so predictable. Anyone remember the bullshiete Phase I deal with China just days before the Covid-19 market crash in early 2020? Plus, you can pick out the stinking smell from bullshiete PR stunts like this visit when they send some lesser men to meet the US personnel (Blinken didn't even get the pleasure of meeting President Xi, just some underling under him!)
     
    murray t turtle likes this.
  2. SunTrader

    SunTrader

    Really now? Didn't met Xi?

    (Semafor)

    Blinken builds bridges on trip to China


    [​IMG]
    REUTERS/Leah Millis

    The U.S. Secretary of State Antony Blinken met Chinese leader Xi Jinping in Beijing
    for talks aimed at reducing tensions between the two superpowers. Relations between Beijing and Washington have deteriorated since a Chinese spy balloon was shot down over American waters in February, leading to Blinken canceling a scheduled diplomatic visit. The U.S. also accused China of planning to provide arms to Russia for its war in Ukraine. Ahead of meeting Xi, Blinken held talks with senior Chinese foreign policy officials, which the U.S. said had made progress in rebuilding diplomatic links, although Beijing’s top diplomat called for an end to tech sanctions and said there was “no room for compromise” on Taiwan.

    But while the two governments talked, business continued to prepare for frosty U.S.-China ties. AstraZeneca, the pharmaceutical giant, has drawn up plans to hive off its Chinese operations into a separate business, to shelter the parent company against mounting tensions. It’s one of several multinational firms to be considering similar moves. The Italian government also stripped the Chinese chemical firm Sinochem of its rights as the largest shareholder in the tire manufacturer Pirelli, citing national security concerns.
     
    maxinger likes this.
  3. maxinger

    maxinger

    You sounded very angry.
    How much $$$ did you lose?

    The market doesn't deserve to be scolded.

    Just focus on the trend.
    uptrend - take a long position
    downtrend- take a short position
    no trend - take no position
    and don't bother about the infection point.

    Don't expect the market to go
    up and up and
    up and up and
    up and up and
    up and up and
    up and up and
    up and up and ....
     
    Last edited: Jun 19, 2023
    murray t turtle likes this.
  4. maxinger

    maxinger

    [​IMG]
    [​IMG]
     
  5. MarkBrown

    MarkBrown

    my inflection point got up and run off years ago - i don't even miss it now :rolleyes:
     
  6. TheDawn

    TheDawn

    What are you talking about?? Where did you get the number 4444? SPX reached nowhere near that number last Friday. Are you from an alternate universe??
     
  7. maxinger

    maxinger


    He probably uses
    numerology / numericalology or whatever

    '4' means die in Chinese.
    4444 means die die die die, means surely will die.
     
  8. TheDawn

    TheDawn

    In other words, he IS from an alternate universe. LOL SPX touched nowhere near that level last Friday or on any other day. I honestly don't understand why China wishes so much for US to die. LOL If the US dies, who's going to import from them? Their temu is going to just die.
     
  9. %%
    OK/
    if you want to round up to nearest SPY $ 444.
    NO such thing as bad luck;
    if you always try to pig the last 4cents ALL the time , its not common sense
    not bad luck.LOL
    Asian indicator ic...cloud is still going up, even though that's Japanese:D:D
    MSFT went down more than $00.44,[as of lunch] maybe market did not like the Bill Gates - chicom visit. But see how MSFT closes today + FRI
    But SPY \being an American market,its bull trending up after American dividend.
    Like the Japanese pattern+ maybe chicoms copied them also, crisis= opportunity:caution::caution:
     
  10. LOL. There continues to be unlimited liquidity to buy every dip. Same old story. It tires to dip, but it's so flooded with the BTFD'ers it never stands a chance to gain any traction to the downside. Not sure where you got that number, but this is the single greatest bull market in history.
     
    #10     Jun 20, 2023