March crash was a black swan event (pandemic). Not sure these correlate but is interesting. Thank you!
dudebruhwhoa
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@omgAliens, thanks for sharing your thoughts. I feel the patterns are similar to each other, and the market has been hurting all over the world since March, yet stocks are reflecting the exact opposite and moving up faster and stronger than normal. It feels like a prolonged short squeeze. That part is however dissimilar from a booming roaring 20s market which crashed at the height of excess. The difference now is that there is a pause button, and it has been used multiple times now to avert disaster. My thought is that it has only delayed, lengthened, and strengthened the correction we'll eventually experience, whether that happens soon, or years from now.
@emillyricci, thank you for your nice comment, Emily
DaddySawbucks
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Got last parabolic upthrust left IMO and exhaustion gap; looks like Thursday 01st was initiation gap tbvh
dudebruhwhoa
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@DaddySawbucks, good observation, I agree, let's see what happens next! Thanks for adding to the discussion, and best of luck with your trading and charting!