supere

A parabolic finale?

Long
NASDAQ:AAPL   Apple Inc
LOL, it's very rare of me to write up a bullish analysis these days, but this is what the charts are telling me now. It seems that, in the most unexpected turn of events, 60+% of the stock market may be beginning the second leg of their collapse while FAANG and other mega caps like Mastercard and Visa may be starting a parabolic rise never seen in the annals of history. (If you haven't been looking at market internals, almost everything has been bloody red for the past 4 days except for FAANG).

History does repeat, but often with a twist. Could this be what I have missed in my analysis? A stock market crash or reset is typically the definition of a final wealth transfer... of the bag holders who buy the hype and allow the wealthy who convert their overvalued stocks into liquid money. Perhaps this time, the intermediate stage of wealth transfer will be the owners of tech stocks, then when the final capitulation finally arrives, the might FAANG will also fall.

This is how the long term story always has been and I don't think the conclusion will be any different this time. Good luck riding the final parabolic rise, or the crash. Maybe holding cash is best still.

Comments

lol that’s not even a bullish analysis. $200 next year 😂
+2 Reply
Nice explanation
+1 Reply
Holly crap!! and I thought that BEAR nation was about to start in a couple of weeks
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Good job
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good idea
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I see it. Its exciting yet anxiety inducing at the same time. lol. Good luck to you.
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Setup for a real monster crash imo... internals terribad, 3:1 sell ratio overall.
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supere DaddySawbucks
@DaddySawbucks, yup that's what I see too. Somehow the main indices will be jacked up by the monsters like AAPL for another week or two though I think while other stocks begin their descent. When everything goes it could move at an unimaginable velocity.
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@supere, It will be a waterfall cascade when the panic selling starts; I wouldn't short puts or play longs after 28 August.
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