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Thread: Rod's Account Talk

  1. #1453

    Default Re: Rod's Account Talk

    Quote Originally Posted by Beester15 View Post
    I think you are right. Just don't understand what is driving this market up when all indications show that we are not out of the woods yet and the economy is grinding to a halt.
    My take would be a pump and dump. Probably just waiting for the six-month SPXU chart to complete the right shoulder of a head and shoulders pattern.

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  3. #1454

    Default Re: Rod's Account Talk

    Quote Originally Posted by mdfiasco View Post
    Bullshit. That is what is driving it up. Bullshit from everywhere except the epidemiologists.
    Agreed. Here is a link for context on Genomic epidemiology of novel coronavirus

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  5. #1455

    Join Date
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    Default Re: Rod's Account Talk

    Quote Originally Posted by Beester15 View Post
    I think you are right. Just don't understand what is driving this market up when all indications show that we are not out of the woods yet and the economy is grinding to a halt.
    Blame it on the algos/machine trading reacting to oil and such. Oil was up then down to nearly 7% today. Algos love (or don't love ) that stuff. But, after waking from my afternoon nap, I was glad to see that Mr. Market closed down... although ever so slightly.
    "Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7

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  7. #1456

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    Exclamation Re: Rod's Account Talk

    Do you hear that???

    That's the sound of Mr. Market trying to suck in the suckers. Don't be one of them.
    "Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7

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  9. #1457

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    Default Re: Rod's Account Talk

    Quote Originally Posted by Rod View Post
    Do you hear that???

    That's the sound of Mr. Market trying to suck in the suckers. Don't be one of them.
    Yep, I now count 4 waves complete of wave 5 of C, so just one more wave up into the close is needed for a potential significant top. I'll be going short if I see the S&P reaching 2757 (yesterday's wave 3 peak) at the close.

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  11. #1458

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    Default Re: Rod's Account Talk

    Contrarian indicator that I am, would say that you are right. I am fighting everything to keep from jumping in.

    Quote Originally Posted by Rod View Post
    Do you hear that???

    That's the sound of Mr. Market trying to suck in the suckers. Don't be one of them.
    Weatherweenie's Account Talk
    Teddy Roosevelt: Patriotism means to stand by the country. It does not mean to stand by the president or any other public official. Retired on November 30, 2023 with 30+ years of service.


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  13. #1459

    Default Re: Rod's Account Talk

    My wife says to stay out - current rally = smoke and mirrors. She is usually pretty good at making calls.

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  15. #1460

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    Question Re: Rod's Account Talk

    Quote Originally Posted by weatherweenie View Post
    Contrarian indicator that I am, would say that you are right. I am fighting everything to keep from jumping in.
    Especially over this long weekend. You certainly don't want to be in then. As I mentioned in an earlier post, the MSM will soon pivot away from NY as it peaks and search for more dire news elsewhere, as in LA and other "hot spot" states which have yet to peak.

    And don't forget, Q1 earnings is right around the corner. But, I honestly can't say how stocks will react to it. FOMO will really set in for some if Mr. Market shrugs off those eventual crappy numbers. Maybe reality will truly begin to set it with Q2 and Q3 earnings, or lack thereof? We could be seeing a lot of sideways action until then. That L-shaped recovery some are talking about? All of us are merely speculating what might happen. None of us know for sure. Take it all in with a grain of salt. But, do keep that FOMO in check.

    God Bless
    Last edited by Rod; 04-08-2020 at 07:21 PM. Reason: Spelling
    "Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7

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  17. #1461

    Default Re: Rod's Account Talk

    I didn’t know what FOMO was till I started trading. I got a bad case of it now. But what I have a bigger concern with is another drastic pullback...

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  19. #1462

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    Default Re: Rod's Account Talk

    Quote Originally Posted by Beester15 View Post
    I didn’t know what FOMO was till I started trading. I got a bad case of it now. But what I have a bigger concern with is another drastic pullback...
    Watch this...

    https://www.youtube.com/watch?v=Y6D4...em-uploademail
    "Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7

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  21. #1463

    Default Re: Rod's Account Talk

    Thanks for sharing. I found the link before you posted and just finished watching. This guy articulates what I have been feeling much better than I ever could.

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  23. #1464

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    Default Re: Rod's Account Talk

    Quote Originally Posted by Beester15 View Post
    I didn’t know what FOMO was till I started trading. I got a bad case of it now. But what I have a bigger concern with is another drastic pullback...
    Confucius say: Man who chases FOMO will end up with FUBAR before to long...

    I couldn't help myself...blame it on being cooped up for to long.
    "the biggest mistake that traders make is to let these short-term trades turn into longer-term investments when they don’t work." RevShark

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