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re: Charts have broken to the bear side

Posted on 6/10/22 at 9:03 am to
Posted by jb4
Member since Apr 2013
13708 posts
Posted on 6/10/22 at 9:03 am to
Wall Street has always been a casino sham , play accordingly
This post was edited on 6/10/22 at 9:09 am
Posted by Upperdecker
St. George, LA
Member since Nov 2014
32766 posts
Posted on 6/10/22 at 9:03 am to
Markets have a rhythm. Buy and hold people don’t see it but people actively watching and analyzing the market can see it. It’s not 100% but it’s much more accurate than a random guess over the long run
Posted by FLObserver
Jacksonville
Member since Nov 2005
15852 posts
Posted on 6/10/22 at 9:18 am to
I own good companies. its hard to watch them drop but hoping for the best in the next few years. Did buy a Share of MCD this morning. I know risk taker
Posted by Niner
Member since Apr 2019
2033 posts
Posted on 6/10/22 at 9:32 am to
quote:

it’s much more accurate than a random guess over the long run
Not sure what in the world you mean by this statement. What are you calling a "random guess"?
Posted by Double Oh
Louisiana
Member since Sep 2008
23423 posts
Posted on 6/10/22 at 9:38 am to
I’m drowning
Posted by Upperdecker
St. George, LA
Member since Nov 2014
32766 posts
Posted on 6/10/22 at 9:46 am to
quote:

Not sure what in the world you mean by this statement. What are you calling a "random guess"?

Buy and hold people are assuming or believe that TA people are getting lucky on random guesses when they correctly predict market or stock action based on TA. I’m saying if you’re randomly guessing in the market, or if TA is equivalent to a random guess and is an invalid method or picking stocks, then TA shouldn’t be successful. But it’s more successful than a random guess, meaning it has validity
Posted by Niner
Member since Apr 2019
2033 posts
Posted on 6/10/22 at 9:52 am to
quote:

Buy and hold people are assuming or believe that TA people are getting lucky on random guesses when they correctly predict market or stock action based on TA. I’m saying if you’re randomly guessing in the market, or if TA is equivalent to a random guess and is an invalid method or picking stocks, then TA shouldn’t be successful. But it’s more successful than a random guess, meaning it has validity
OK - I thought you were saying someone who buys and holds a diversified portfolio for the long term was making a random guess.

Thank you for the clarification.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89354 posts
Posted on 6/10/22 at 10:16 am to
quote:

I don’t know how to post pictures, nor care to


use IMGUR as a host. upload pictures.

can you post a link?

or is that too hard also?

Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89354 posts
Posted on 6/10/22 at 10:21 am to
quote:

I don't think I have ever witnessed the markets do what people predict


yeah well we are witnessing what we told dumbass left wingers like you what would happen with your clown biden in charge with all his failed policies.

how dumb do you feel now? You should be ashamed.

stay on the cesspool aka OT.
This post was edited on 6/10/22 at 10:22 am
Posted by Double Oh
Louisiana
Member since Sep 2008
23423 posts
Posted on 6/10/22 at 10:24 am to
I’m drowning
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1800 posts
Posted on 6/10/22 at 1:39 pm to
quote:

yeah well we are witnessing what we told dumbass left wingers like you what would happen with your clown biden in charge with all his failed policies.



First, let me say frick biden to get that out of the way. This shite has been in the cards since QE1. Trump was in charge during the failed response to covid and $5T in spending. In 2018 when we first tried raising rates and QT, he was on Twitter lambasting J. Powell as an idiot until he caved.

Not one adult in the room in DC... y'all should feel ashamed for voting these people in since like Vietnam. LOL
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
40327 posts
Posted on 6/10/22 at 1:45 pm to
quote:

yeah well we are witnessing what we told dumbass left wingers like you what would happen with your clown biden in charge with all his failed policies. how dumb do you feel now? You should be ashamed. stay on the cesspool aka OT.


Posted by skewbs
Member since Apr 2008
2195 posts
Posted on 6/10/22 at 4:05 pm to
quote:

Beautiful MACD cycle turning bearish


Is this different than a head & shoulders pattern? Or triple top? You're right... it's clear as day. I expect it to go a bit further down next week. I'm not calling for a 'crash' like many on here b/c they don't know what the word crash means.
Posted by go ta hell ole miss
Member since Jan 2007
14572 posts
Posted on 6/10/22 at 4:39 pm to
quote:

In the 10 or so years I've read financial/trading message boards I don't think I have ever witnessed the markets do what people predict they will based on technical analysis. Not once.


Plenty people get it pretty close on this board. The few weeks it was obvious the up days were nothing more than a bear bounce.
This post was edited on 6/13/22 at 11:32 am
Posted by go ta hell ole miss
Member since Jan 2007
14572 posts
Posted on 6/10/22 at 4:41 pm to
quote:

No way, we go down until fed meeting. If Powell only hikes 50, we go down for a few weeks again.


And when he hikes .75?
Posted by Realityintheface
Member since May 2022
1784 posts
Posted on 6/10/22 at 7:18 pm to
To me, investing should be done mostly on fundamentals but looking at charts does have some value because algorithms are used to trade and this does influence the market. Whether this is inherently good or bad is another topic.
Posted by DTRooster
Belle River, La
Member since Dec 2013
8893 posts
Posted on 6/10/22 at 8:11 pm to
Damn, that escalated quickly. Even the energy sector got caught in the hysteria today, dropping on volumn at the end of the day. Could interesting next week if the indexes break support.

Posted by GrizzlyAlloy
Member since Aug 2020
2581 posts
Posted on 6/10/22 at 8:23 pm to
quote:

technical analysis


LOL. bullshite.... **cough cough**
Posted by DTRooster
Belle River, La
Member since Dec 2013
8893 posts
Posted on 6/10/22 at 8:24 pm to
quote:

To me, investing should be done mostly on fundamentals but looking at charts does have some value because algorithms are used to trade and this does influence the market. Whether this is inherently good or bad is another topic
investing, in a traditional sense left us with QE and no interest. It turned into just buy, everything is going up but that’s about to change. It’s not a wonder that the dividend payers with reasonable P/Es and balance sheets aren’t getting creamed nearly as bad as the hope and a prayer companies that take the money and run.

I’ve said it before here. “it’s fixing to be a brave new world” but in reality it’ll be a return to the old
Posted by DTRooster
Belle River, La
Member since Dec 2013
8893 posts
Posted on 6/12/22 at 8:46 pm to
Support at the May lows isn’t very far away and could get blown out in one or two bad sessions. Depending on which index you look at. If so, the next support is at the 200 on the weekly. Be watching the main 4 the next few days see if they hold or not. The market is gonna whip back to the upside methinks end of the week or early next. I’d liike to have a go at some VTI at 180ish for a partial reentry if it doesn’t hold or a quick run if it does
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