Posted on 02/28/2024 9:34:53 AM PST by Eccl 10:2
If we break above the channel, we will likely resume the longer-term upward trend.
If we break much below 435, we'll probably hit the weak 200 bar support around 430, then on down top the lower 420's.
NOTE: For discussion purposes only. I am not any sort of financial or investment professional, and I take no responsibility for any actions taken by you, nor does FreeRepublic.com.
Please ping me if you want to be added to the list, but…
NOTE: For discussion purposes only. I am not any sort of financial or investment professional, and I take no responsibility for any actions taken by you, nor does FreeRepublic.com.
does that not look to you like a large bull flag?
“does that not look to you like a large bull flag?”
$$$$$$$$$$$$$$$$$$$$$$$$
Good observation.
Perhaps, but it also looks like an island reversal.
It depends on where we break out of this channel/flag.
IMO, in rough terms, short term, if it goes above 437-ish, I would see it as bullish. 433-ish or below, bearish.
I’m just riding the SVSPX (State Street S&P).
It may slide but with the left in power, that printing machine will not stop until Nov.
I have other stuff in 5.6 CD’s and hoping FTXL just performs well.
Definitely overbought range (composite of 9 technical indicators)...
Stops.
It looks like the toughest recovery in this age was 5 years.
(and that compounds into more shares)
Timing it is close to impossible. Just hold. (if you have 5 years)
I understand why some may just cash out.
“Definitely overbought range (composite of 9 technical indicators)...”
It was “overbought” in 2020...
“Timing it is close to impossible. Just hold. (if you have 5 years)”
I have been holding long for years!
and 2003, 2009 and 2017.
Whatever.
I had a guy call me once about how to invest in the market.
He was a coworker that had retired.
I said “brother, I am long in everything, I cannot give you advice on playing the market”.
I’d call it neutral
—> Timing it is close to impossible
It is relatively easy
Moved my retirement funds to cash 2 weeks ago.
March is going to be a GenZ wakeup
https://www.youtube.com/watch?v=ovXaIFPy-ks
Many people have never seen economic repression. They can’t even fathom high interest rates in a recession.
“Living beyond your means never ends well”
Well, tell me the start date of the drop.
Great chart, great advice.
My only counter is that TPTB will most likely, net, run this higher until election time. Common sense be damned.
“The market can remain irrational longer than you can remain liquid.”
OTOH, perhaps TPTB will run the market down, and let Trump win. Then, during his term, they will create/allow a super-crisis (biowarfare, connectivity disaster, terrorism, drug pandemic/disaster, etc) to disgrace and destroy, once and for all, the nationalist/populist movement in America. Don’t put something like this past them. They will work in ways you do not expect, as they always have.
“I said “brother, I am long in everything, I cannot give you advice on playing the market”
That’s the difference between an investor and a trader. I am an investor.
There is a power working against the rates.
The new AI adjustments may be a hedge.
My thinking is the market protects Biden to October.
I think that is what you started this thread for, to figure out what people are thinking.
—> Well, tell me the start date of the drop
That right there is why you call it “hard.”
There is a difference between prophecy and measuring using a system.
Start there.
—> My only counter is that TPTB will most likely, net, run this higher until election time.
Ergo, use stops and let it run
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