How the rich bought all your fears... Covid is the tool
Read what I wrote in this chart.
Why I'm telling you all this? It's about to give you....the retailer a chance on the pie. I hate greed personally and as one of my close friends said in March 2020 "We're buying". All the politicians, Big names like Elon Warren. have used their so called prestiege to lure you all to doing the wrong moves.
Elon on April 2020 "My company stock is too high"
Elon on Feb 2020 " I wouldnt buy bitcoin here"
Warren in May 2020 "Im selling everything"
Every single time market drops watch news outlets like Cnnmoney.com etc. all throw the so called Free Bearish news (No such thing as free news) just to lure you all to short and/or sell your longs. This is why the market can continue up. For as long as coronavirus is around the fear tools is huge and it works.
And most of all this is why in ever Idea I have thrown has been bullish and have been over 90% nailed right.
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Today bounce is 1 little proof of what I said... and yesterday was the dip and fear they created.
As always
yours truly Wizdomseeker
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Bitcoin is rising huge right now, markets will follow.
Rate yields are dropping again. Well played market! 1% premarket rise comes monday open
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Nasdaq up 4% today, made back that bearish "Nasdaq news" and some.
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Monthly is going to close up vs previous... continuation of this market continues. The fear tactic is still working. Long and Hold
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Adding at 4000 break. Expect another 10% run up. Same ol same deal this game hasn't changed.
Banking on peoples fears, and the market just keeps hauling up
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Nailed in my analysis. This shall continue. Adding some here on any massive dips
@Mark_Ryden, The market proved the fear tactic between yesterday and todays market bounce. Trapping short and/or shaking longs is what the market is doing. Which is more proof of what I said
farmerisland
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@WizdomSeekerr, thanks for the reminder on the "not only crash trap, but also bounce shake today"... It's all designed to take money from as many ppl as possible.
john_markwah
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Great idea
samitrading
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Agree.
Gamblerman
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I hate to blow your bubble, but distribution is getting pretty advanced. RSI divergence on the weekly and daily stinks.
Brother, plenty of times the market shows divergence in indicators about to turn bearish and in the last second continues up. I seen these happen oh gosh I can't even count. You also missed the point on how psychology is the pure way to money making. It is a reason why it's a called a "Psychology game"
Let the indicator show its about to crash, then surprise.
Gamblerman
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@WizdomSeekerr, Let the market decide. I've made a ton of money off these indicators.
WizdomSeekerr
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@Gamblerman, lol... there's a nice quote "There's no such thing as free lunch" the banks threw billions to develop these indicators and you think they do it for "Free" ;)
Gamblerman
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@WizdomSeekerr, The indicators still work 80% of the time. Weekly divergence will give you poor timing, but daily and hourly divergence are very useful. Weekly ultimately synchs with daily and hourly. This is not a full-proof system, but it's better than flying blind.