I bet most people think this to be an absurd joke, but I would say it is a possibility. One should never underestimate the insanity of a bear wave, especially once the 20% short stop limit gets breeched and the computers take over... Operating in the realm of nano seconds. Who know how many margin positions exist or there?
Market_Manipulation
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@supere, this is absurd. This is crazy talk. Just think about for a moment... SPX at zero. Never going to happen.
I'm not saying that a put back is out of the question. But let's use our brains and think, and not simply consume whatever someone feeds us.
supere
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@mpulley, certainly most improbable! But i believe something bigger than most imagine is probable within the next couple years. 200dma, 200wma, 200mma? In the Elliott Wave cycle we will eventually hit the Grand super cycle peak which is equivalent to the collapse of the Roman Empire.
supere
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@mpulley, Mind you i don't actually think we are at the grand super cycle peak yet... more like the super cycle one... which would put the grand super cycle peak some decades away... but you never know
The_Unwind
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This is just great.
Someone who has the courage to stick his neck that far out.
Excellent post.
Is that you, or it Elvis Costello ..?
UnknownUnicorn540299
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Lol. Monthly is still bullish. So is weekly. And now even daily :)