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05-02-2022, 03:02 PM
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#3781
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
it seems to have some problems fully committing.
Maybe a little dead cat bounce is in order?
Either way, this post of mine is SURE to put the market over the edge in SOME direction...my posts always move the market...LOL
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I don't think there are enough buyers for a bounce for a while, sentiment is taking a turn for the worse the last 10 days or so. But who really knows.
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05-02-2022, 03:04 PM
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#3782
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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I just wanted to kick the market out of the 4100 - 4160 range...mission accomplished.
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05-02-2022, 03:22 PM
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#3783
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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05-02-2022, 04:22 PM
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#3784
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
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total uncertain on what to do....
please push them up
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05-04-2022, 06:12 PM
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#3785
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
you are hilarious, the market is on the verge of having a 3000-5000 point drop in one day and you are talking about support levels.
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say what
baked in sale...over!!!
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05-04-2022, 06:27 PM
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#3786
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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Quote:
Originally Posted by geroge.burns99
say what
baked in sale...over!!!
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just another normal day at the office.
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05-04-2022, 06:35 PM
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#3787
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
just another normal day at the office.
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normal?......
I lost 8 pounds in 3 weeks
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05-04-2022, 06:50 PM
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#3788
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Doubtful this rally has long term legs.
Something about assuming the worst is over before any of the economic effects of the rate hikes have been felt. Housing, corporate earnings, labor market and consumer spending all totally unaffected at this point and people are running around today like it's market rocket launch time. Good luck with that.
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05-04-2022, 07:00 PM
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#3789
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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Today's rally ended at almost an exact 50% retracement of the leg down that started on April 21.
Just sayin'
Last edited by PaceAdvantage; 05-04-2022 at 07:01 PM.
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05-04-2022, 07:44 PM
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#3790
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
Today's rally ended at almost an exact 50% retracement of the leg down that started on April 21.
Just sayin'
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Do you think it would be over that fast? I was sort of expecting a few weeks of "some" upward movement. If any inflation number comes in lower than the month before the market is going to run higher for a minute. Not that it solves anything we will still have stupid high inflation but the market and talking heads will be like "see it's over"
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05-04-2022, 07:51 PM
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#3791
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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When's the last time we had upward movement that lasted more than a few days? Mid-March we had a two week rally.
That's been it this year as far as I see.
This is a little relief valve rally because they didn't hike .75...nothing else can save this thing at the moment unless the war in Ukraine unexpectedly ends...
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05-04-2022, 07:57 PM
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#3792
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
When's the last time we had upward movement that lasted more than a few days? Mid-March we had a two week rally.
That's been it this year as far as I see.
This is a little relief valve rally because they didn't hike .75...nothing else can save this thing at the moment unless the war in Ukraine unexpectedly ends...
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I agree that the more long term trend is down, just feels like a one or two week bear market rally is due.
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05-04-2022, 08:07 PM
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#3793
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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Quote:
Originally Posted by lamboguy
heres one that looks good. PINS. it got hit a little today on very light volume.. its trading @ 26.00, if it breaks $25 on the downside, get out with a small loss.
this is a long
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this thing is a dog
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05-04-2022, 08:18 PM
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#3794
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,752
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i couldn't find when i posted about one of these congressmen going into RIG, its up from a bottom of 3.66 about a week ago up to 3.29 close today.. i didn't trade it but if i had it i would sell it. anything to do with oil is pretty tricky...
i have a friend that is pretty good at oil, he called for $100 oil when it was $72, now he is calling for $150. i see it going down to $80 still. i don't see it falling right now though with driving season heading into full bloom now.
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05-05-2022, 10:47 AM
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#3795
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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And just like that, yesterday's rally is GONE
That 50% retracement I talked about yesterday held like a brick wall.
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