Originally posted by scooterscot
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Originally posted by scooterscot View PostI see you're at stage 2.
Stage 1: First they ignore you.
Stage 2: Then they laugh at you.
Stage 3: Then they fight you.
Stage 4: Then you win.
The 'lines' I've drawn mark out the 'golden ratio' where previous corrections have found support.
The lines you've drawn have been chosen to reflect your pre-existing prejudices/assumptions of what you think is going to happen. If you thought something different was going to happen, you'd simply draw them somewhere else on the same underlying chart.Comment
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Originally posted by Paralytic View PostHey, I've been at stage 2 since reading your first few posts.
The lines you've drawn have been chosen to reflect your pre-existing prejudices/assumptions of what you think is going to happen. If you thought something different was going to happen, you'd simply draw them somewhere else on the same underlying chart.Comment
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Originally posted by scooterscot View PostDay trader.
FTSE strengthening up
oh and NASDAQ almost reversed to become Bullish again.
I don’t know you as well as others here, but there’s a good case to make money doing the exact opposite of your technical advice.Comment
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Surrounded by day traders - seemingly daily price action swings determine long term trends"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostSurrounded by day traders - seemingly daily price action swings determine long term trends
Originally posted by scooterscot View PostHolly feck, US stocks taking a hammering - Whorty over to you...Comment
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Originally posted by scooterscot View PostSurrounded by day traders - seemingly daily price action swings determine long term trends
The trend for S&P isn't even flat, it's rising and has been since the CV19 drop in March. S&P is higher now than it was before the CV19 drop.
Yet, you keep trying to convince everyone that the trend is down. You're wrong. Even your graphs must tell you this, but you're so blind to what you need the market to do you can't see what's happening.I am what I drink, and I'm a bitter manComment
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Originally posted by BABABlackSheep View PostBased on a 2% day swing you posted this:
So, based on your charts, what value the NASDAQ to turn bullish again?
Faced with these facts I struggle to understand how he can keep harping on with the same old narrative.I am what I drink, and I'm a bitter manComment
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Originally posted by Whorty View PostThe trend, since the crash caused ONLY by CV19, is flat around the 6000 mark. I get that you don't want that, or even need that, to be the case, but that is the trend. For someone who talks of trends, you conveniently ignore the current trend (for months now) on the FTSE.
The trend for S&P isn't even flat, it's rising and has been since the CV19 drop in March. S&P is higher now than it was before the CV19 drop.
Yet, you keep trying to convince everyone that the trend is down. You're wrong. Even your graphs must tell you this, but you're so blind to what you need the market to do you can't see what's happening.
Warren Buffett had it right..
“Beware of geeks bearing formulas”Comment
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Originally posted by BABABlackSheep View PostI wouldn’t even bother explaining it anymore. FTSE full of companies covid has hit the hardest, S&P dominated by Tech companies who have thrived because of covid.
Warren Buffett had it right..
“Beware of geeks bearing formulas”Comment
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