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10-28-2022, 09:31 AM
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#4546
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Registered User
Join Date: Aug 2022
Posts: 322
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10-28-2022, 11:08 AM
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#4547
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by BroadwayJoe
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Such a tool. CNBC has some really smart people on the network, I’m not sure why they keep him around.
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10-28-2022, 11:14 AM
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#4548
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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MCD hitting an all time high today.
I guess the Golden Arches is fine no matter what.
Who knew?
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10-28-2022, 12:00 PM
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#4549
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Registered User
Join Date: Aug 2022
Posts: 322
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Quote:
Originally Posted by Rex Phinney
MCD hitting an all time high today.
I guess the Golden Arches is fine no matter what.
Who knew?
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I did...!!!!
When the $2.99 Big MaC meal went to over $10
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10-28-2022, 04:30 PM
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#4550
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,623
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Nothing but green bars on my chart since 4am this morning on S&P futures...what a strong up day...who knew?
It still hasn't stopped going up after the regular market close 30 minutes ago...lol
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10-28-2022, 04:49 PM
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#4551
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Registered User
Join Date: Aug 2022
Posts: 322
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Quote:
Originally Posted by PaceAdvantage
Nothing but green bars on my chart since 4am this morning on S&P futures...what a strong up day...who knew?
It still hasn't stopped going up after the regular market close 30 minutes ago...lol
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Remember the FED hasn't injected their poison yet...
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10-28-2022, 07:12 PM
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#4552
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Registered User
Join Date: Jan 2007
Posts: 1,133
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This is just the beginning of a big up market move.
My target line for the SPY on a weekly chart is currently at 441 and rising. (SPY now at 389.02.)
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10-28-2022, 10:47 PM
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#4553
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Registered User
Join Date: Aug 2022
Posts: 322
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Quote:
Originally Posted by Tape Reader
This is just the beginning of a big up market move.
My target line for the SPY on a weekly chart is currently at 441 and rising. (SPY now at 389.02.)
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When I see a breakout past these highs....then I'll believe it
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10-29-2022, 05:04 PM
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#4554
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Registered User
Join Date: Dec 2001
Location: JCapper Platinum: Kind of like Deep Blue... but for horses.
Posts: 5,290
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Quote:
Originally Posted by Tape Reader
This is just the beginning of a big up market move.
My target line for the SPY on a weekly chart is currently at 441 and rising. (SPY now at 389.02.)
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Any concerns about the coming FED announcement next week?
-jp
__________________
Team JCapper: 2011 PAIHL Regular Season ROI Leader after 15 weeks
www.JCapper.com
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10-29-2022, 05:30 PM
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#4555
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Registered User
Join Date: Jan 2007
Posts: 1,133
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Quote:
Originally Posted by Jeff P
Any concerns about the coming FED announcement next week?
-jp
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My analysis is 100% technical.
If bearish news comes out against my bullish technical opinion, I consider it an open book test, and try to use it to my advantage.
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10-29-2022, 08:38 PM
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#4556
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Registered User
Join Date: Dec 2001
Location: JCapper Platinum: Kind of like Deep Blue... but for horses.
Posts: 5,290
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Understood.
Thanks.
-jp
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__________________
Team JCapper: 2011 PAIHL Regular Season ROI Leader after 15 weeks
www.JCapper.com
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10-30-2022, 10:20 AM
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#4557
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by Tape Reader
This is just the beginning of a big up market move.
My target line for the SPY on a weekly chart is currently at 441 and rising. (SPY now at 389.02.)
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I agree with your assessment. I have 'slightly' more uptimism with a tentative target of 460-463.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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10-30-2022, 10:28 AM
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#4558
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Registered User
Join Date: Aug 2022
Posts: 322
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Quote:
Originally Posted by Tape Reader
This is just the beginning of a big up market move.
My target line for the SPY on a weekly chart is currently at 441 and rising. (SPY now at 389.02.)
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Quote:
Originally Posted by FakeNameChanged
I agree with your assessment. I have 'slightly' more uptimism with a tentative target of 460-463.
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As I'm ecstatic over your predictions.....and wish it
I cant believe that your predicting up to a 18% jump
That's obliterating the trend line and making the S&P hitting around 4600
Fingers crossed but not expecting 
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10-30-2022, 11:13 AM
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#4559
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Registered User
Join Date: Jan 2010
Posts: 2,176
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Quote:
Originally Posted by BroadwayJoe
As I'm ecstatic over your predictions.....and wish it
I cant believe that your predicting up to a 18% jump
That's obliterating the trend line and making the S&P hitting around 4600
Fingers crossed but not expecting |
Haha, expect the best, plan for the worst. I go with whatever trend I can see or predict. When I'm wrong, I go the other way. Never stick to what i thought last week or last month.
I commented on $TWTR last week, that Jenny Harrington, CEO of Gilman-Hill Asset Mgtmt. has stuck with $META from $320 all the way down to $99. She did trim some at $260, but continues to hold. That's what almost every Financial services company does to their clients. They practice zero risk management and are incapable of going with a trend that is rolling over their predictions. Typical of a fundamental asset manager, who scoffs at technical analysis.
Jenny is on @CNBC just about every week. She's in the majority of most of what I hear on these shows. Sorry for the rant.
__________________
One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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11-01-2022, 01:17 PM
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#4560
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by FakeNameChanged
Haha, expect the best, plan for the worst. I go with whatever trend I can see or predict. When I'm wrong, I go the other way. Never stick to what i thought last week or last month.
I commented on $TWTR last week, that Jenny Harrington, CEO of Gilman-Hill Asset Mgtmt. has stuck with $META from $320 all the way down to $99. She did trim some at $260, but continues to hold. That's what almost every Financial services company does to their clients. They practice zero risk management and are incapable of going with a trend that is rolling over their predictions. Typical of a fundamental asset manager, who scoffs at technical analysis.
Jenny is on @CNBC just about every week. She's in the majority of most of what I hear on these shows. Sorry for the rant.
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The number of client managers sticking with the big tech names i s pretty ridiculous. They are totally tunnel visioned into thinking the next 10 years have to be the same as the last 10. Which is silly, all businesses reach a point of saturation, you cannot expect them to grow at such huge rates forever and ever.
Truth be told I think that's exactly where Zuckerberg is going with this META thing. Selling ads on a social media platform has a ceiling (and Facebook is pretty much there) so he is pushing this sort of unicorn idea as a way to reignite that OMG growth narrative.
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