Some of you clowns coming out of the woodwork and educating the community on how to catch a trend day are hilarious. People are always doing it...why? You make yourselves look like idiots when you do that. You have absolutely no fuckin clue what the market will do that day and even on the day its virtually impossible to tell what the story is until the day is over. Because it is an OUTLIER day. But as usual, you get the 'pros' coming on and telling everyone how obvious it was and how easy it is to milk it and make eazy gainzzzz. Bullshit you know nothing. My theory is most likely wrong but Idgaf what you think because its mine. So without further ado, here is my opinion: Firstly I believe that the Fed is maintaining liquidity in order to bail out the big money that got caught at the top masturbating for higher and higher market. The Fed is printing money out of thin air and transferring risk from private equity and placing it in the hands of the public. Secondly, these little shakeouts are the Fed's way to shock test the market. The Fed have said that they intend being in the market for as long as it takes, so what they do is stop buying for a day or two in order to see what kind of reaction the market has when the primary source of liquidity disappears. Now they will keep doing that every few weeks or months so that they can compile a benchmark to measure against. So lets say that in 12 months' time they have another test day and the market only drops 4% as opposed to 10%. That is how they tell that the situation is improving and liquidity is getting back to normal. So all you dickwads talking about big bear trends and how clever you are for catching the move just calm down ok? Obviously you have been trying to reverse this beast every day since the rally started and have had a new one torn so badly that you feel nothing but relief right now. I get it. But you know the safest thing to do is just get with the program and be a buyer for now. That is all.
I only called yesterday, based on the late selling shortly after reopen, first time I've called this ever, just know the games they play. Agreed on the Masturbating, but I'd suspect there out with profits in tact and sold/short to retail who currently hold the highs because of the belief the fed will prop it up for ever ever, and there desperate and recently out of work, so they'll have no worries reducing that to zero. Fed will reverse there position, when big money tells them to ( back handers ) and won't inform us of this decision until the next bottom when they'll want the top buyers to take there losses. Ofcourse this is trying to predict and predictions only work like a broken digital watch sadly, ie never or a door wedge LOL
Lol Folks moved from catching the falling knifes, to falling trees down the hill. Just a funny, yet honest post with no bs given. (Not that i support or deny, this approach of expresion, for ones thoughts , simply neutra both on the opinion & events, yet, ain't gonna miss the chance to laugh)
Look at the stockcharts, ignore the ET trolls and you will make monies. Listen to the ET trolls and lose your monies. There is a lot of disinformation put out there by CNBC and Bloomberg to mislead retail traders. The same goes for the ET trolls on this message board. These guys are not your friends, try enemies.
MOMO is down, I always go with momo so I say down. But you can likely draw a line through the lows which might kick it up.
%% I seldom daytrade; but like a Don Bright Co millioinaire noted '' you are either a trader/or a trader hater'' LOL''
A word of advice: never, EVER start a thread or even a conversation with "Some of you clowns...". That's disrespectful and inconsiderate to others, and whatever message you are trying to convey will be immediately lost.