This is what a market bottom looks like

WHY???

"He who has a why to live can bear almost any how."
—Nietzsche

 

That's the only call you have right.

 

Ok i lied about the last post, but just bear in mind, if you are losing, i am the one on the other side of your trades. So i understand the hate that i am getting and i think it is good.

Picking bottoms has nothing to do with intelligence, but it's about being patient. Picking the bottom early == wrong. It's also a foolish game, i never pick a bottom until i see one. Most of you should stay away anyways.
I am below average intelligence, i am pretty stupid, but majority people on here are plain retar*s(yes, i am talking to you). I might be stupid, but atleast i do the thinking for myself.


Is the market already up 4-5%, or is my vision poor?

Anyways i think the low is in.

If we go below 2340, i am wrong and this market doesn't have a bottom for me.

I should be getting paid to post. Free alpha that isn't seen anywhere else. That's why i said i'll stop

 

option expiration, don't get cocky

 

.....Should be paid not to post. LOL

 

Yeah it's a nice warning signal. But for me it's just another trade and even if wrong it's not like my life will turn upside down.

It looks like abottom, it acts like a bottom, it feels like a bottom(panic). But it's also true that i think we will go much deeper down and am acting counter trend now so the odds are slightly against me(of being right). As soon as it doesn't look like a bottom, i am out without thinking.

I believe the short-term bottom is in until proven otherwise.

Shit is going to break loose in april and may though because US will start to get hit by the virus. Wouldn't be surprised to see russell down 75%+ from ATH by end of may/beginning of June.

 

Lets say a stock was at $250 per share prior to the outbreak and their share price was based on projected 2020 revenue of $850 million. Its a semi conductor stock.
If we are shut down for 60 days, does anyone think that stock will be revalued at $250 per share?
It will probably be a $75 stock. There will be a lot of good companies that will be hammered and stuck in a low range for a while with a lot of false rallies.
NVDA comes to mind as does Lam Research.

 

AAPL didn't look so good in yesterday's up move. Although one day doesn't make a trend.

 

so you are saying this is the bottom currently...but its going to break loose in the following months to new lows...hmmmmm