Lions. I DO NOT want stocks to end the day deep in the red. I want to see stocks end flat then hold for a trading day or two BEFORE we get short. We need the right things to set up BEFORE we short. Look at this chart:
LIVE CHART. Click HERE: https://www.traderschoice.net/
Thanks for the update Greg.cheers mike
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Absolutely. Because this chart is setting up for a horizontal move, or a big green candle.
I would like to say a piece about bear markets.
The general adage is that you can make more money faster in a bear market. (because, the bear goes out the window)
But, this is not completely true. You can only make money off of a bear market as long as the losers can continue to afford to pay.
In a bull market, there is always money to pay. The prices are going up.
However, in the bear market, you can only make the amount of money that is liquid in the system.
Further, i believe we are in a vulture market. Where the vulture has been gorging on the dead corpses of the market.
I don't expect the stock markets to go away, but i do see many corporations, that are huge today, just disappearing. BigAg, BigPharma, BigMed are all about to explode, fall over and burn to the ground.
Further, i expect the fraud in the market to be found out, and a block-chain tokenizing of stocks to occur. At that point, we will find that most stocks are oversold by 5x. Sooo, who owns it?
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Not sure if we need to go flat, as the drop was only near the 0.0382 retracement. PMs are showing the safe haven bid, all is good.
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