Having a little charting fun this morning. Maybe this idea seems irrational, but I can only say that after watching how strong the NASAQ has performed over the last year nothing is impossible. If you just ignore the prediction part and look at where NDX sits today, then you can clearly see that it strongly broke above and has held the decades long trading channel. Does this just mean the NDX has peak at 1.236 fib and looking to correct, or will the irrational exuberance take us to dot com 2.0?
The stock market is broken. There's no money flow. We could see a massive crash soon. Earrings season is done. There's nothing to move equities higher. It's time to liquidate and take the summer off!
mrushilreddy
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@HotCharts lol you have been calling for a crash for months
HotCharts
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The military operation had some delays. Watch the audits coming out of Arizona and several other states. JB is the fake President, DJT is the Commander and Chief. Watch what's coming! Move into cash immediately.
Spotshooter1983
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1.0 had one compnay with the majority of the losses.
2.0 looks similar with a few tech names.
great charts.
I enter and buy UVXY calls on a rise of twice the 20 day average true range.
this gives me a few false rises - see March 2021 - aand a few small losses.
This also cathces "the big one" trend trading turtle style.
That is why I can afford a few long positions now and yes I posted those as charts.
Not looking for "followers to Jamestown" where we all drink the same Kool-Aid.
Just my way to trend trade volatility based on the Richard Dennis entry into a trend trade.
I preserve some of my remaining sanity that way (assumes I used to consider myself sane).
This route requires less prilosec - now available OTC thankfully.