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Originally Posted by myohmyjustify
Could anyone please tell me WHY the market will crash and burn in the near future? Seems like that's the position of the 3-4 regular posters in this thread. Thanks.
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first of all you made this post right after Replay Randyl. don't underestimate that guy, he's pretty sharp at times.
from what i see of these markets currently, the leading stocks are now on a basic oversold basis, i am talking Amazon, Apple, Microsoft, and Alphabet. these oversold conditions by the way that i calculate things have not occurred since 2008. therefore i am probably looking for a meltup starting now up and into the middle of April and probably to new highs. the acceleration to the upside that i expect is the main reason why i see a giant decline right after it.
my pick for a stock right here and right now would be Intel (INTC), the analysts hate this stock, and the chart looks awful. but insiders have been buying stock in this from $44 down to the current $27. the way i look at it is that the insiders have to know more than anyone else.
