nope. you've lost track of the fundamentals. 42 not possible at least not any time soon. would take months for things to disintegrate that much fundamentally.
adambiers
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@prefabsprout, if 42 isn't possible, then this would become a running flat. Where the C wave doesn't break the end of A wave. If in fact this pattern is being created.
prefabsprout
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@adambiers, if in fact it's a flat at all. and since running flat is so rare, i'm now curious to see where this goes.
adambiers
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@prefabsprout, valid point, so far looks like a flat but will never cancel out other possibilities!
prefabsprout
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@adambiers, it'll all make sense soon either way. you defintely won't be the only person shorting right now.
adambiers
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@prefabsprout, what's your fundamental thesis on why it cannot go to 42k? Thanks for your insight!
prefabsprout
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@adambiers, big money is buying up each consecutive dip far too quickly for bears to sustain a rally. 42 would constitute a trend reversal and mean we drop even further. 42 is essentially the 20-30 of a couple weeks ago, charts seem to be begging for a correction of that magnitude, but fundamentally we are just too bullish (media hype, stimulation checks, all that may just be noise, but really the primary reason is continued major interest in mega corps and firms buying up huge amounts of the stuff).
Dr.Ntsele
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@prefabsprout, is this you argument against 42? "...big money is buying up each consecutive dip far too quickly for bears to sustain a rally..."