Re: Pivot Point Trading Videos
So I was really liking this guy Pivot Point, but then realized that he kept saying the same thing over and over really fast! :rolleyes: But I do like his charts. Thing is that everyone knows eventually the market will drop again...thing is when and how far will it drop?
Tell you what, I had veered away from Grok Trade but then heard their new guy, Romulus, who did a 2-3 minute introductory video. Informative, tied the March Bottom going back to a few years ago and it made sense on how he knew bottom was in. He was a Hedge fund manager with many years of experience, but I've not seen another video by him on Grok Trade. Must say I do like to hear Dez/D7 go over the charts. He has a quick eye and I've learned quite a bit about drawing trend lines and reading candles just by watching his free videos.
Best Wishes!!! :smile:
Re: Pivot Point Trading Videos
He must've sensed that we were talking about him because he posted his latest video. It is titled, "Stock Market Melt-Up. Don't Confuse Brains With A Bull Market... or Bear Market Rally."
At least he's acknowledging the "Melt-Up." :D
But, he is still saying, "Be patient." In other words, don't invest in this market. :rolleyes:
Re: Pivot Point Trading Videos
Quote:
Originally Posted by
DreamboatAnnie
So I was really liking this guy Pivot Point, but then realized that he kept saying the same thing over and over really fast! :rolleyes: But I do like his charts. Thing is that everyone knows eventually the market will drop again...thing is when and how far will it drop?
Tell you what, I had veered away from Grok Trade but then heard their new guy, Romulus, who did a 2-3 minute introductory video. Informative, tied the March Bottom going back to a few years ago and it made sense on how he knew bottom was in. He was a Hedge fund manager with many years of experience, but I've not seen another video by him on Grok Trade. Must say I do like to hear Dez/D7 go over the charts. He has a quick eye and I've learned quite a bit about drawing trend lines and reading candles just by watching his free videos.
Best Wishes!!! :smile:
Add this guy to your arsenal. You'll like him.
https://www.youtube.com/watch?v=qU222yzGCYA&t=198s
Re: Pivot Point Trading Videos
Re: Pivot Point Trading Videos
Goes to show, you can have all the fancy charts and reasoning and still be wrong.
Re: Pivot Point Trading Videos
I think everything Pivot Point says, makes sense...except for one major thing.
The charts do NOT take into account several TRILLION dollars of QE FED Action....which is keeping the "melt up" going.
I thing (fear) in the near term, unless a vaccine quickly comes to market in September, Pivot Point may end up right, albeit late...about a steeper decline.
Until then, the right choice would be to say invested most of the time.
Re: Pivot Point Trading Videos
There will be no vaccine.
The 'Black Death of 2020' is a COLD virus with serious flu symptoms. They have yet to create a vaccine for a cold virus. SARS and the Swine Flu were strains of the same virus.
Re: Pivot Point Trading Videos
Pivot Point keeps talking about "what a bear market is designed to do," but bear markets aren't designed. They are not a construct, they just are. Besides, there's some disagreement about whether this is a bear market or not. The trend, right now, is certainly not supportive of a bear market.
Re: Pivot Point Trading Videos
Quote:
Originally Posted by
Boghie
There will be no vaccine.
The 'Black Death of 2020' is a COLD virus with serious flu symptoms. They have yet to create a vaccine for a cold virus. SARS and the Swine Flu were strains of the same virus.
They don't care to make a vaccine for the cold virus because so much $$$ is made in controlling/relieving its symptoms. Same goes for cancer, especially in the area of research. A "common cure" would mean no more funding, which would lead to a loss of many jobs within the scientific community. They keep pressing on long enough to always remain "on the cusp of a cure."
Re: Pivot Point Trading Videos
anyone have a cliff notes version of what he is saying? 37 minutes! Daily dissertations! I got half way through and he said people don't have attention spans. He is right...I struggling to stay awake and he was repeating himself over and over...
Re: Pivot Point Trading Videos
Quote:
Originally Posted by
Beester15
anyone have a cliff notes version of what he is saying? 37 minutes! Daily dissertations! I got half way through and he said people don't have attention spans. He is right...I struggling to stay awake and he was repeating himself over and over...
Kind of hard to keep up with him but I like his posts.
Re: Pivot Point Trading Videos
Quote:
Originally Posted by
Beester15
anyone have a cliff notes version of what he is saying?
Yep.
Been saying this for a couple of months or so: Essentially, don't buy into this market because it will retest the 23 Mar lows.
Of course, in the meantime Mr. Market has rallied 40%. :D
I was also a believer in that retest until I wised up and realized Daddy Fed won't allow that to happen anytime soon.
I'd love for it to come, though! I'm just no longer anticipating it.