Thoughts? While the overall market still seems in turmoil waiting on a stimulus package or regime change that may never come, OGIG, Internet Giants looks like the start of a long term 3rd Wave to me, and I'm pretty bearish right now.
Seems to me like you know what you are talking about
N0tSwift
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@blakewhite, Thanks it played out close to predicted. Still trying to figure this mess out. We're in what looks like a topping pattern now in most equities. Waiting to see the next impulse, could go either way. Pullback of 10-25% has been expected for some time and is needed to reset long term investor confidence in a new bull market.
Benzos777
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Almost March 2021 and still no pullbacks. Is the dip now imminent? I want to buy in but there is no entry spot on sight..
N0tSwift
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@Benzos777, I exited on 1/27 at +18% in <90 days as it started to pull back. I'm expecting an overall market PB pretty soon.
N0tSwift
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@Benzos777, 10% PB today, still down 7% My huevos aren't big enough to put more on the line right now, but if yours are, there's the PB
Benzos777
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@N0tSwift, I have a feeling something bigger is coming. These post-pandemic economies around the world should see a major dip. I hope I'm wrong but I feel like if there's any chance for it to happen it will be this summer.
N0tSwift
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@Benzos777, Historically, a recession starts 6-18 months after the 3 month T Bill rate inverts with the 10 Year T Bill. It happened in February. August would be the start of the suggested possible timeline.