I too suspect that sometimes, they really do want to take out a big player who is very vocal about what side of the market he is on. I believe the same thing is/was happening with BTC and them wanting to go after Saylor since he has over 100k coins. There were all sorts of figures thrown around about where his margin call would be, and I wouldn't be surprised it some funds were trying to go after him personally.
%% TRUE, used to\ but they may mean much more if you use more than his small sample charts. Them boys sure can sing\ this gray hair dont mean a thing\ Dont need no rockin chair\ Dont need no Geritol or your Medicare. /Jones +From the Album Walls Can Fall
In the spirit of the title, let's note that there are 4 gaps left to be filled BELOW, app.: 3920 3825 3790 3670
just like the Gamestop saga, I'm sure there was a whale behind that trade when they heard Steve Cohen got stuck in the short squeeze position. it's payback time Stevie. I don't think average joes would have enough money to hold the line one way or another, plus individual traders behave too sporadic.
OK, I will admit, I was NEVER good at detecting all the intermediate ups and downs. The reason, I never trade them so no loss to me. What I am especially good at though is spotting the ultimate bottom. For that one I shall have lots at stake so it makes me to care more to pick it properly, achieve 5% accuracy sort to speak. Anyways, we are now way below what I had claimed was the intermediate top in the first post. Anyone looking for the BIG overall picture here it is: The China Olympics effect exerts great pressure on the stock market. The last one in 2008 happened right next to the Fall/Winter season. We're NOT so lucky in 2022. We had to wait till Spring and Summer are over before the Markets can crash properly in the Fall and Winter. The crash will be the same magnitude as in 2008. China only hosts the Olympics every few decades and might NOT even host a third one. This once in a blue moon geopolitical event merits response of similar magnitude from Mr. Market as back at end of 2008/beginning of 2009! 4444 is BAD LUCK in the East. The Market lingered in the SP500 4000's for so long to trap the most bulls he can before the BIG CRASH coming this Fall and Winter. The Market exists NOT to make people money BUT to take from the rich and Middle Class. When your viewpoint aligns with this simple truth, Mr. Market becomes extremely predictable and CAN and WILL make you rich from it!! P.S: Everything good comes in two's. We're seeing a second repeat of 2008/2009. What may be different this time though is the speed of the CRASH. In 2008/2009, it was quick and fast. We may be seeing a slower-paced slide towards SP500 1700 in 2022/early 2023! Don't take my word for it, 1700 is just a tentative target. Takes a Jedi Market Master like me to pick out the bottom with 5% accuracy, which could happen anywhere anytime between now and SP500 1700. You too can Master this Jedi skill after you've seen enough charts (and sick and bored of their predictability!)
I just wanna say... Traditionally, the stock market only went UP when American soldiers started dying on the battlefield. So, don't none of you believe in any of this hype surrounding Russia-Ukraine conflict. This may sound cruel, but there could be nuclear armageddon over Ukraine, and the stock market wouldn't even go up an inch (so long as no Amercian soldiers deployed into Ukraine)! OMG, Ukraine just upped the Ante by blowing up Crimean bridge. OMG, NATO just upped the Ante by blowing up Russian sea gas pipeline. Big effin DEAL!!!! Mr. Market NO give a darn shiet about any of these trivia not involving American lives! Lastly, if you cannot Master the Art of the Jedi in picking out the stock market bottom within 5% accuracy, just do this simple trick. Pick a trough near the end of Winter season and buy and hold!!!! Because the stock market NEVA crashses in the Spring nor Summer! It's that simple!