Hey hey! Love your analysis. Looks like we hit 2766.64 today -- very close to your 2763.6. You still think that's it for the lows? Thx!
BeenBambied
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Thanks for the video, Merc! Why such a deep retrace on the Nasdaq relative to the SP500? I guess, and what I am assuming from what I have learned, is that broader retraces (all the way to flat corrections and expanding flats) are more associated with higher degrees of vulnerability - and in this environment that tends to be more traditional supply chains/operational structures. Some good examples would be BRK.A and Small caps in general. Is this a reasonable way to think about technical analysis relative to empirical evidence?
UnknownUnicorn266486
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@BeenBambied, that's how I am reading each chart, I don't want to argue with the market so let's see how it unfolds. I would avoid BRK, small caps are a great play!
BeenBambied
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@MERCmethod, Interesting - I tend to agree on BRK (I would not be surprised to see 120-130 per B share). I have noticed your admiration for renewables/"cleaner energy"/energy related infrastructure in connection with the concept of an inflation trade. Berkshire Energy is a Sleeping Giant that many know nothing about, but are capable of capital projects in par with some of the largest energy companies in the world - this appears that it will be driving massive CAGR for Berkshire in the future. Check it out. Cheers.
avalon737
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What are 1 or 2 stocks that you are eyeing during this pull back?
UnknownUnicorn266486
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@avalon737, TWTR, CCJ, POST. There are a lot of great opportunities, these are on my list. Do your own research, know why you own what you own and figure out what your expectations are, time horizon / expectation / stop-loss are all considerations you need to figure out.
avalon737
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@MERCmethod, Thank you for your reply, I am eyeing BA, TWTR and HLT